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OpenAI’s agreements to buy chips from Advanced Micro Devices Inc. and Broadcom Inc. are demonstrating how much room the artificial intelligence industry has to grow beyond top dog Nvidia Corp.
In the two weeks since AMD and OpenAI announced their blockbuster deal, the chipmaker’s stock has soared more than 42%. AMD also landed a major order from Oracle Corp. this week, further juicing its shares. Meanwhile, Broadcom unveiled its own agreement with OpenAI on Monday, sending its shares up 10% in a single session, their best performance since…
