Advanced Micro Devices jumps, announces new $6 billion share buyback plan
ReutersMay 14, 2025 1:09 PM
Shares of Advanced Micro Devices AMD.O rise 5.7% to $119.02 premarket
AMD announces new $6 bln share repurchase program
Co says new authorization is in addition to the remaining balance, as of March 29, of about $4 bln
"Our expanded share repurchase program reflects the Board’s confidence in AMD’s strategic direction, growth prospects, and ability to consistently generate strong free cash flow," says AMD Chair and CEO Lisa Su
As of last close, stock down ~7% YTD
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