Shares of chipmaker AMD (AMD) soared in early trading on Monday after the company announced a multibillion-dollar deal with OpenAI (OPAI.PVT). The move will see AMD provide upward of 6 gigawatts of GPUs to the AI juggernaut over several generations, starting with its MI450 chips in the second half of 2026. As part of the deal, OpenAI will take a stake in AMD worth up to 160 million shares, or roughly 10% of the company. Shares will vest in tranches as AMD hits specific milestones. The tranche will vest wh ...