AMD Announces $6 Bln Buyback Plan, Stock Up 5%

May 14, 2025 — 10:00 am EDT

Written by RTTNews.com for RTTNews

(RTTNews) - AMD (AMD) Tuesday announced that its board of directors approved a new $6 billion share repurchase program. Shares of AMD gained over 5% in the morning trade.

The new authorization is in addition to the remaining balance, as of March 29, 2025, of approximately $4 billion of its existing share repurchase program, increasing the total current repurchase authority to approximately $10 billion.

"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," said AMD Chair and CEO Dr. Lisa Su. "We remain committed to disciplined capital allocation and driving strong shareholder returns, including investing in our leadership product portfolio to drive growth, while returning capital to owners."

AMD is currently trading at $118.55, up $6.09 or 5.42%, on the Nasdaq. The stock opened its trading at $119.83 after closing Tuesday at $112.46. The stock has traded between $76.48 and $187.28 in the past 52-week period.

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

AMD Announces $6 Bln Buyback Plan, Stock Up 5%

Tags

Latest Articles