AMD said on Wednesday that its board of directors approved $6 billion in share buybacks. The stock climbed 8%.
The authorization is in addition to $4 billion in existing approved share repurchases, the company said.
“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,” AMD CEO Lisa Su said in a statement.
AMD stock year to date
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