By Colin Kellaher
Advanced Micro Devices' board added $6 billion to the chipmaker's share-repurchase program.
AMD on Wednesday said the new authorization is in addition to the roughly $4 billion remaining as of March 29 in the Santa Clara, Calif., company's buyback program, bringing its total repurchase authority to around $10 billion.
AMD, which had about 1.62 billion shares outstanding as of May 1, sports a market capitalization topping $182 billion.
The company shelled out $749 million to buy back 7 million shares during its fiscal first quarter ended March 29.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 14, 2025 09:16 ET (13:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。