Lates News

On Wednesday morning Eastern Time, the stock price of AMD surged more than 8% after the company announced that its board of directors had approved a $6 billion stock repurchase plan. This authorization comes after the company had previously approved a $4 billion stock repurchase plan. AMD CEO Lisa Su stated in a release, "The expanded stock repurchase program reflects the board's confidence in AMD's strategic direction, growth prospects, and ongoing ability to generate strong free cash flow."