Advanced Micro Devices Boosts Stock Buyback by $6 Billion

Published: 2025-05-14 09:32:07 ET AMD

Published on 05/14/2025 at 09:32

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 [email protected]

(END) Dow Jones Newswires

05-14-25 0931ET