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AMD price jumps on $6 billion stock buyback plan

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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.

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AMD Stock Rises. Buyback News, and More, Boosts AI Chip Maker.
AMD price jumps on $6 billion stock buyback plan: What that means and why it matters

AI, NVIDIA and AMD

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This Is My Top Artificial Intelligence (AI) Chip Stock to Buy in May (Hint: It's Not Nvidia or AMD)
While this bodes well for Nvidia and AMD, another industry darling is positioned to benefit from these tailwinds. Broadcom's AI business is thriving thanks to cloud hyperscalers, suggesting the stock could be an interesting buy.

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Prediction: This Artificial Intelligence (AI) Stock Could Be Worth More Than Nvidia by 2030
Nvidia, AMD extend stock gains. Why the AI trade is roaring back.

Trump, NVIDIA and AI

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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.

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Trump’s Mideast visit opens floodgate of AI deals led by Nvidia
From Nvidia chips to Amazon's AI zone, these are the key deals struck during Trump's tour of Saudi Arabia
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 ...
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 ...
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.
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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 ...
U.S. Will Build Massive AI Data Center In Abu Dhabi: See The List Of Deals Trump Announced In The Middle East
The U.S. and the UAE announced they would work together to construct the largest artificial intelligence data center outside ...
AMD's AI Data Center Strategy Is Working; And It's Still Trading Like A Legacy Chip Stock
After its 1Q25 earnings, it’s clear AMD (AMD) isn’t just building fast chips anymore, it’s morphing into a full-stack AI ...
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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 ...