Advanced Micro Devices (NASDAQ: AMD) hasn't fared well in the artificial intelligence (AI) race so far. It has been beaten out by one of its rivals, Nvidia (NASDAQ: NVDA). Nvidia has captured a huge chunk of the AI computing market, with AMD only being around as a much cheaper alternative. Almost nobody was using AMD's platform.

Advanced Micro Devices (NASDAQ:AMD) stock is having a pretty easy time outperforming Nvidia (NASDAQ:NVDA) so far this year, with an impressive 95% gain year to date versus just 31% for NVDA stock. Indeed,

AI's Golden Triad (NVDA, AMD, AVGO) now worth $6.8 trillion, up 10x in 3 years. Despite stretched valuations, smart money still buying.

AMD downgraded to Hold as overvaluation caps upside before Q3 earnings. Explore risks, opportunities, and expert analysis.

GPU pricing remains relatively stable month-over-month, but Nvidia's GeForce RTX 5090 is still in short supply, allowing retailers to charge a premium.

Jim Cramer hails AMD's "nice win" in a $1 billion AI supercomputer partnership with the U.S. Department of Energy.

U.S. chipmakers like Nvidia, AMD, and Broadcom are adopting Silicon Valley-style stock-based incentives to retain top talent amid soaring valuations and an intensifying AI-driven talent race.

The difference between these two deals is enormous. AMD is selling its chips to OpenAI for OpenAI to become an investor in AMD and create a resurgence in its AI technology. Nvidia is investing in OpenAI in exchange for its chips, so it at least gets something out of the deal.