Thursday, 15 May, 2025

AMD Announces $6 Billion Stock Buyback Amid AI Expansion and Middle East Partnership

Advanced Micro Devices (AMD) has unveiled a new $6 billion share repurchase program, increasing its total buyback authorization to $10 billion. This move reflects the company's confidence in its strategic direction and growth prospects. The announcement follows AMD's $10 billion collaboration with Saudi Arabian AI startup Humain to develop AI computing centers. Following the news, AMD's stock rose by over 5%, signaling strong investor confidence.