Today’s trading saw AMD stocks explode by 23% following their strategic partnership with OpenAI, which is set to deploy 6 gigawatts of AMD GPUs. This deal highlights the growing demand for AI technology in the market. In stark contrast, AppLovin's shares took a significant hit, reflecting investor concerns over its future.

As the S&P 500 fluctuates, these movements underscore the volatile nature of tech stocks. AMD's leap illustrates the potential of AI-driven growth, while AppLovin's plunge raises questions about sustainability in the sector.

Here's the full scoop.