AMD Reveals $6B Stock Buyback Amid AI Chip Boom

AMD Launches $6 Billion Stock Buyback

Advanced Micro Devices (AMD) has unveiled plans for a $6 billion share repurchase program, highlighting its robust financial position and investor confidence. The tech giant cited strong AI demand and strategic growth initiatives as key drivers.

Strategic Move in Competitive AI Market

The buyback comes as AMD aggressively competes with rivals like Nvidia in the AI hardware space. This financial maneuver underscores the company’s focus on long-term shareholder value amid a booming semiconductor landscape.