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AMD announces new $6 billion share buyback plan
- On May 14, 2025, AMD, headquartered in Santa Clara, California, revealed an additional $6 billion authorization for stock buybacks, increasing its total share repurchase capacity to approximately $10 billion.
- The buyback follows AMD’s announcement of a $10 billion AI chip deal with Saudi Arabia’s Humain and reflects the board’s confidence amid competitive industry challenges.
- AMD posted a fiscal first-quarter profit of $0.96 per share on revenue totaling $7.44 billion, while its shares climbed more than 5%, reaching an intraday peak of $122.52 following the announcement of a new stock repurchase program.
- CEO Lisa Su noted the board’s trust in AMD’s strategic direction and growth, stating the program highlights their commitment to disciplined capital allocation and shareholder value.
- The repurchase program, alongside the AI partnership, reinforces AMD’s focus on innovation and AI technology leadership as it navigates industry competition and market pressures.
20 Articles
20 Articles
AI chipmaker AMD unveils $6B buyback plan
Advanced Micro Devices on Wednesday announced a new $6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the AI trade that has powered their shares shows some signs of slowing.Shares of the Santa Clara, California-based company rose as much as 6.4%. Its shares have fallen more than 6% so far this year, compared with a less than 1% drop for the benchmark Philadelphia Semiconductor Index.The buyba…
AMD price jumps on $6 billion stock buyback plan: What that means and why it matters
Shares of semiconductor manufacturer Advanced Micro Devices (NASDAQ: AMD) rose 6% Wednesday on news the company is issuing a $6 billion stock buyback, which represents about 3.3% of the company’s current market value, according to data from Bloomberg. The $6 billion stock buyback authorization comes in addition to a $4 billion existing buyback, for a total of $10 billion in share repurchases, CNBC reported. What is a stock buyback? A stock buyba…
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