Spending on AI has accelerated in recent months, as Wall Street anticipates global expenditures nearing half a trillion dollars by 2026.

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

DOE announced the Discovery and Lux supercomputers at ORNL to advance U.S. leadership in artificial intelligence and high-performance computing. Discovery and Lux will enable AI-driven research that fuels new advances in energy, manufacturing, medicine and cybersecurity.

It's taken a little longer than anticipated to arrive to market, but AMD's Radeon AI Pro R9700 graphics card for AI developers finally has a firm release date and pricing.

Chips aren’t the only star of the massive agreement. AMD’s software efforts have slowly turned it into a more formidable competitor to Nvidia.

AMD now has Ryzen 100 Zen 3+ CPUs, Ryzen 10-series Zen 2 CPUs alongside Ryzen AI 300, 9000, 8000, and 7000 series. Phew.

AMD said Monday that it has sold ZT Systems’ manufacturing unit to Sanmina for $3 billion, making the U.S. electronics services giant a top AI ally for the chip designer in its fight against Nvidia.

The demand for chips to support AI infrastructure could be a $500 billion opportunity, and AMD is well-positioned to benefit from this growth. AMD’s Instinct GPUs are designed for performance leadership in AI inference workloads.