Advanced Micro Devices (NasdaqGS:AMD) Announces US$6 Billion Buyback And AI Expansion

Advanced Micro Devices (NasdaqGS:AMD) saw its share price rise by 20% over the last month, buoyed by several contributing factors. The announcement of a substantial $6 billion expansion in its stock buyback plan added momentum to the company’s market performance. Additionally, AMD’s collaboration with HUMAIN on a $10 billion AI infrastructure project, along with the introduction of the EPYC 4005 Series processors, signaled strong growth prospects. These positive developments occurred as the…