Wed May 14 14:30:00 UTC 2025: ## AMD Announces $6 Billion Share Buyback, Stock Soars
**SAN FRANCISCO -** Advanced Micro Devices (AMD) announced Wednesday that its board of directors has authorized a massive $6 billion share buyback program, sending the company’s stock price soaring 6%. This new authorization is on top of an existing $4 billion repurchase program already in place.
“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,” stated AMD CEO Lisa Su.
The announcement comes on the heels of a strong first quarter for the company, reporting adjusted earnings per share of 96 cents on $7.44 billion in revenue. AMD has solidified its position as a major player in the artificial intelligence (AI) chip market, second only to Nvidia.
Further fueling investor optimism is a potential $10 billion investment deal with Humain, an AI company in Saudi Arabia. AMD will be supplying Humain with both graphics processors (GPUs) and central processors (CPUs) crucial for building AI servers. CEO Lisa Su was in Saudi Arabia this week to finalize the agreement. While Humain is also purchasing Nvidia processors, AMD’s involvement underscores the growing demand for its chips in the rapidly expanding AI sector.
Following the news, Bank of America analyst Vivek Arya raised his price target for AMD by $10, bringing it to $130 per share. The news reinforces AMD’s strategic investments in key sectors, including AI, and promises a strong future for the company.
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