Newsweek World
  • Business
  • Economics
  • Markets
  • Technology
GO ADD-FREE
  • Login
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Technology
No Result
View All Result
Newsweek World
  • GO ADD-FREE
  • Login
Home Business

AMD Shares Rise 6% on $6 Billion Buyback

Levi Farrer by Levi Farrer
May 14, 2025
in Business
AMD Shares Rise 6% on $6 Billion Buyback

Advanced Micro Devices (AMD) announced a $6 billion share buyback Wednesday, boosting shares 6%. The authorization adds to a $4 billion existing program, with CEO Lisa Su citing confidence in AMD’s AI-driven growth and cash flow. AMD reported Q1 earnings of 96 cents per share on $7.44 billion in revenue, bolstered by a $10 billion deal to supply AI chips to Saudi Arabia’s Humain, alongside Nvidia. Bank of America raised AMD’s price target to $130, reflecting optimism. The buyback aligns with AMD’s role as a key AI chip player, second to Nvidia, amid a US-Saudi chip access deal during Trump’s Middle East tour. The Commerce Department’s rescission of AI chip export curbs further supports AMD’s global reach. However, Trump’s tariffs (30% on China) and economic uncertainty pose risks, with firms like Hertz citing tariff impacts. AMD’s stock rise contrasts with broader market caution, as 60% of Americans delay purchases, per a Harris/Guardian poll. The buyback signals robust prospects, but AMD must navigate trade volatility and competition in the AI chip race.

Tags: AMD
Previous Post

Trump Urges Iran Toward Nuclear Deal in Saudi Speech

Next Post

Perplexity Partners with PayPal for In-Chat Shopping

Related Posts

H&M Founding Family Accelerates Share Buying, Fuels Buyout Talk
Business

H&M Founding Family Accelerates Share Buying, Fuels Buyout Talk

Boeing Outlook Raised by Fitch Amid Production
Business

Boeing Outlook Raised by Fitch Amid Production

Google Inks Deal to Buy Fusion Power from MIT Spinoff
Business

Google Inks Deal to Buy Fusion Power from MIT Spinoff

Apple Revises EU App Store Rules to Avoid Fines
Business

Apple Revises EU App Store Rules to Avoid Fines

Airline Stocks Gain on Hopes for Israel-Iran Ceasefire
Business

Airline Stocks Gain on Hopes for Israel-Iran Ceasefire

Amazon Bets on Premium Beauty to Offset Tariff Pressure
Business

Amazon Bets on Premium Beauty to Offset Tariff Pressure

Next Post
Perplexity Partners with PayPal for In-Chat Shopping

Perplexity Partners with PayPal for In-Chat Shopping

Newsweek World
Linkedin Instagram X-twitter Facebook
Business >
Economics >
Markets >
Technology >

Company
About us
Authors

Company
About us
Authors

Contact
Contacts

Terms of Use
Terms & Conditions
Privacy Policy

Editions:
World
U.S. Edition
New York
Español
中文 (简体)
Português
Français
Italiano
Norsk
Svenska
Türkçe

Contact
Contacts

Terms of Use
Terms & Conditions
Privacy Policy

© 2025 Newsweek World.
All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Technology

© 2025 Newsweek World. All rights reserved.

  • Español
  • Português
  • 中文 (简体)
  • 日本語
  • Français
  • Italiano
  • Norsk
  • Svenska
  • Türkçe