AMD announces $6 billion buyback; shares climb 8%

Core Viewpoint - AMD's board of directors has approved an additional $6 billion in share buybacks, reflecting confidence in the company's strategic direction and growth prospects [1][2]. Summary by Relevant Sections - Share Buyback Program - The newly authorized share repurchase program amounts to $6 billion, supplementing the existing $4 billion in approved repurchases [1]. - Following the announcement, AMD's stock price increased by 6% [1]. - Management Commentary - CEO Lisa Su emphasized that the expanded share repurchase program demonstrates the board's confidence in AMD's strategic direction, growth prospects, and ability to generate strong free cash flow consistently [2].