Lately, a notable trend has emerged within the U.S. AI sector, with tech behemoths engaging in mutual investments and acquiring computing resources. A prime illustration of this trend is the multi-billion-dollar chip agreement forged between OpenAI and AMD. Per the terms of the deal, OpenAI is set to deploy over 6GW of AMD Instinct GPU computing capacity in the upcoming years. The initial batch, comprising 1GW of equipment, is anticipated to become operational in the latter half of 2026. As part of the collaborative arrangement, AMD has granted OpenAI warrants for up to 160 million shares. This grants OpenAI the right to purchase up to 10% of AMD's shares at the nominal price of $0.01 per share. The exercise of these warrants is contingent upon the progress of chip deployment, specific stock price benchmarks set for AMD, and the attainment of key technological and commercial milestones by OpenAI.