
Advanced Micro Devices Inc (NASDAQ:AMD) shares are trading higher Tuesday after the company announced that Oracle Corp (NYSE:ORCL) Cloud will deploy 50,000 of its AI chips.
What To Know: AMD and Oracle announced a major expansion of their long-standing collaboration to help customers significantly scale AI capabilities. Oracle Cloud Infrastructure will become a launch partner for the first publicly available AI supercluster powered by AMD Instinct MI450 Series GPUs.