Partnership

AMD’s Q3 results exceeded expectations with $9.25B revenue and $1.20 adjusted EPS. Revenue grew 36% YoY, driven by strong performance across key segments. Q4 revenue is projected at $9.6B, up 25% YoY, with a 54.5% gross margin. The company’s guidance excludes Instinct MI308 chip revenue to China. Strategic partnerships with OpenAI and Oracle, and Amazon’s sale of AMD shares highlight key developments. The company’s success in AI and other key areas intensifies its rivalry with Nvidia.

AMD’s stock surged following OpenAI’s announcement of increased procurement of AMD’s AI hardware, signaling a challenge to Nvidia’s dominance. OpenAI may acquire up to a 10% stake in AMD based on performance milestones. AMD’s market cap is $380 billion, marking its best weekly gain since 2016. AMD CEO Lisa Su emphasized the scalable nature of its AI chips. Nvidia CEO Jensen Huang described OpenAI’s potential equity stake in AMD as “surprising”, acknowledging increased competition.

Tech Data Advanced has partnered with Wind River to distribute cloud-native virtualization and container management solutions in India. This alliance expands Wind River’s reach and provides Tech Data’s partners access to Wind River’s portfolio, including VxWorks and Wind River Cloud Platform. The partnership aims to help Indian businesses accelerate digital transformation by simplifying deployments and reducing operational complexities through validated platforms and integrated solutions. It leverages the Tech Data Center of Excellence (Tech COE) for expertise and support.

Waymo is partnering with Lyft to launch autonomous vehicles in Nashville, marking their first commercial agreement and sending Lyft’s stock up 10%. Riders will initially access Waymo vehicles through the Waymo One app, eventually integrating into Lyft’s platform. Lyft will manage fleet operations. Waymo, already operating in several cities and surpassing 10 million paid trips, plans further expansion. This move intensifies competition in the autonomous vehicle market, where Waymo faces challenges domestically from companies like Tesla and internationally from Baidu.

8×8, Inc. has extended its partnership with Southampton FC, continuing as an official partner for Men’s and Women’s First Teams through the 2025/26 season. 8×8’s cloud-based technology is integral to the club’s operations, enhancing matchday experiences and fan engagement through streamlined communications. The partnership focuses on fostering deeper connections with supporters via personalized interactions and timely updates. The renewed agreement includes increased brand visibility and collaborative community outreach programs, leveraging 8×8’s unified platform to elevate fan experiences and operational efficiency.

Lucid Group, an innovative EV maker, has appointed actor Timothée Chalamet as its first Global Brand Ambassador in a multi-year partnership. This marks a significant step for Lucid, reinforcing its commitment to ‘Compromise Nothing’ and pushing the boundaries of electric vehicle technology. The collaboration aims to further elevate Lucid’s brand awareness and appeal to a wider audience.

XCF Global and Continual Renewable Ventures Pty. Ltd. signed a non-binding MOU to launch New Rise Australia, a platform for SAF and HVO production. The potential agreement includes an equity stake and license fees, leveraging XCF’s technology for the Australian market. This partnership supports XCF’s international expansion, with definitive agreements expected.