AMD’s shares jumped after the company announced a substantial expansion of its sharing repurchase program.
AMD’s shares rose 4.6% on Wall Street this Wednesday After announcing the expansion of your actions repurchase program. The company will add US $ 6,000 million to its current initiative, which already had US $ 4,000 million available, raising the total au s10,000 million.
The Lisa CEO stressed that the decision reflects AMD’s financial solidity and its ability to generate free cash flowwhile reaffirming the commitment to profitability for shareholders. The plan includes purchases in the open market or private agreements, without a deadline or volume obligation.
From the company they said that the repurchase seeks to reduce the amount of actions in circulation, increase the benefit per action and reinforce the perceived value of the action, in line with the optimistic vision of its directive on the future of the company.
How will the repurchase
The semiconductor firm revealed a new authorization of US $ 6,000 million for shares of shareswhich complements the approximately US $ 4,000 million of its repurchase initiative prior to March 29, 2025. This measure raises the current total repurchase capacity of AMD to around US $ 10,000 million.
Source: Ambito
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