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AMD price jumps on $6 billion stock buyback plan

AI chipmaker AMD unveils $6 billion buyback plan

Advanced Micro Devices on Wednesday announced a new $6 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.

Barron's on MSN · 1d

AMD Stock Jumps. Buyback News, and More, Boosts AI Chip Maker.

AMD said its board of directors approved a new $6 billion stock buyback program. Added to the existing plan, that gives the company authority to repurchase around $10 billion wort

Fast Company on MSN · 1d

AMD price jumps on $6 billion stock buyback plan: What that means and why it matters

The news follows a $10 billion partnership this week with Saudi Arabia’s Humain to bring advanced AI tech to the Middle East. Shares of semiconductor manufacturer Advanced Micro Devices (NASDAQ: AMD) rose 6% Wednesday on news the company is issuing a $6 billion stock buyback,

Trump, NVIDIA and AI

Reuters on MSN · 1d

US tech firms Nvidia, AMD secure AI deals as Trump tours Gulf states

By Max A. Cherney and Stephen Nellis (Reuters) -A number of U.S. technology firms on Tuesday announced artificial intelligence deals in the Middle East as U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia to U.

The Mercury News · 7h

Trump’s Mideast visit opens floodgate of AI deals led by Nvidia

Under agreements with the US expected to be unveiled in coming days, Saudi Arabia and the UAE are poised to win wider access to advanced AI chips from Nvidia and AMD that are considered the gold

Business Insider on MSN · 1d

From Nvidia chips to Amazon's AI zone, these are the key deals struck during Trump's tour of Saudi Arabia

Amazon, Google, and Nvidia are among those who struck deals during Trump's visit to the Middle East, his first major overseas trip of his second term.

20h

Amazon, AMD Launch Multibillion Dollar AI Projects in Saudi Arabia

The announcements follow reports that the US administration intends to facilitate AI chip deals between American firms and ...

eTeknix51m

AMD May Split Next-Gen Instinct GPUs into AI and HPC Models

AMD could make significant changes to its next generation of Instinct GPUs, which are designed for professional use.

13h

What's Next For AMD Stock After Recent 20% Gain

Advanced Micro Devices stock (NASDAQ:AMD) increased by more than 4% during Tuesday's trading session and has risen by nearly ...

13hon MSN

This Is My Top Artificial Intelligence (AI) Chip Stock to Buy in May (Hint: It's Not Nvidia or AMD)

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium ...

3hon MSN

AI, Quantum Stocks Are Some of the Most Shorted on Wall Street

AI stocks are the hottest trades on Wall Street again. They're also among traders' favorite stocks to bet against.

Network World6h

AMD, Nvidia partner with Saudi startup to build multi-billion dollar AI service centers

The deals served as the coming out party for Humain, a state-backed artificial intelligence (AI) company that operates under ...

11hon MSN

Prediction: This Artificial Intelligence (AI) Stock Could Be Worth More Than Nvidia by 2030

Some analysts believe that AWS alone could eventually be worth $3 trillion -- which is roughly Nvidia's current market cap.

US companies are helping Saudi Arabia to build an AI powerhouse

Nvidia, AMD, AWS, and others struck $100 billion in AI deals this week, aiming to profit from cheaper power and faster access ...

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