Workflow
AI chipmaker AMD unveils $6B buyback plan
超威半导体超威半导体(US:AMD) Fox Business·2025-05-15 03:06

Advanced Micro Devices on Wednesday announced a new 6billionstockbuybackplan,joiningastringofchipmakersthatarelookingtoreducetheirfloatastheAItradethathaspoweredtheirsharesshowssomesignsofslowing.SharesoftheSantaClara,California−basedcompanyroseasmuchas6.46 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the AI trade that has powered their shares shows some signs of slowing. Shares of the Santa Clara, California-based company rose as much as 6.4%. Its shares have fallen more than 6% so far this year, compared with a less than 1% drop for the benchmark Philadelphia Semiconductor Index.The buyback, which boosts its total repurchase authority to about 10 b ...