BUZZ-Advanced Micro Devices jumps, announces new $6 billion share buyback plan

Reuters

2025/05/14

** 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

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))

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