AMD Announces $6 Billion Share Buyback and $10 Billion AI Partnership with Saudi Arabia's Humain
7 Sources
[1]
AMD announces $6 billion buyback; shares climb 8%
"Our expanded share repurchase program reflects the Board's confidence in AMD's strategic direction, growth prospects, and ability to consistently generate strong free cash flow," AMD CEO Lisa Su said in a statement. AMD reported 96 cents in earnings per share on $7.44 billion in revenue in its
[2]
AMD price jumps on $6 billion stock buyback plan: What that means and why it matters
The $6 billion stock buyback authorization comes in addition to a $4 billion existing buyback, for a total of $10 billion in share repurchases, CNBC reported. The news comes after AMD announced a multi-year $10 billion AI partnership with Saudi Arabia's Humain, a subsidiary of Saudi Arabia's
[3]
AMD share buyback: Chip major Advanced Micro Devices offers $6 billion program
In Humain's deal with AMD, the agreement includes a plan to invest up to $10 billion to deploy 500 megawatts of AI hardware infrastructure over five years.Chip major Advanced Micro Devices on Wednesday said its board has approved a new $6 billion share buyback program, boosting its total repurchase
[4]
AMD Increases Its Share Buyback Authorization By $6 Billion After Buying Back $749 Million Worth Of Shares Last Quarter
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. AMD is on a roll these days, especially as the risks surrounding the US-China trade war 2.0 have largely abated and the AI-driven CapEx among hyperscalers
[5]
Why Advanced Micro Devices Stock Is Skyrocketing This Week -- Has the Nvidia Rival's Day Finally Come? | The Motley Fool
The chipmaker announced a significant expansion of its share buyback program this week and revealed a massive deal with a Saudi Arabian artificial intelligence (AI) company. AMD's board of directors approved $6 billion in additional share buybacks, supplementing the company's existing $4 billion
[6]
6 Billion Reasons To Buy This Artificial Intelligence (AI) Semiconductor Stock Hand Over Fist (Hint: It's Not Nvidia) | The Motley Fool
Advanced Micro Devices just increased its share buyback program by $6 billion. When it comes to the semiconductor industry, chances are the top name that comes to mind is Nvidia. For the last two years, investors have been consistently reminded of just how dominant Nvidia's presence is in the
[7]
Why AMD Stock Popped Wednesday Morning | The Motley Fool
Things are looking up for the artificial intelligence (AI) and semiconductor specialist. Shares of Advanced Micro Devices (AMD 5.69%), commonly referred to as AMD, charged sharply higher on Wednesday, gaining as much as 8.9%. As of 11:34 a.m. ET, the stock was still up 4.9%. There were multiple
Share
Copy Link
AMD expands its share repurchase program and forms a significant AI partnership with Saudi Arabia's Humain, signaling confidence in its growth prospects and positioning in the AI chip market.
AMD Expands Share Buyback Program
Advanced Micro Devices (AMD) has announced a significant expansion of its share buyback program, authorizing an additional $6 billion in repurchases. This move, combined with the existing $4 billion authorization, brings the total buyback capacity to $10 billion
1
2
. The decision reflects the board's confidence in AMD's strategic direction, growth prospects, and ability to generate strong free cash flow, according to CEO Lisa Su1
.Q1 2025 Financial Performance
AMD reported solid financial results for the first quarter of 2025, with earnings per share of 96 cents on revenue of $7.44 billion
1
. The company's performance exceeded analysts' expectations, delivering a trifecta of beats on top-line and bottom-line metrics, coupled with an upbeat guidance for the future4
.$10 Billion AI Partnership with Humain
In a significant move to strengthen its position in the AI chip market, AMD announced a multi-year $10 billion partnership with Humain, a subsidiary of Saudi Arabia's Public Investment Fund
2
3
. The collaboration aims to deploy 500 megawatts of AI hardware infrastructure over five years3
. Under this agreement, AMD will provide graphics processors for AI applications and central processors for AI servers1
4
.AI Infrastructure Development
The partnership between AMD and Humain involves creating a globally significant AI platform that delivers performance, openness, and reach at unprecedented levels
2
. AMD CEO Lisa Su emphasized the company's vision to enable AI everywhere, bringing open, high-performance computing to developers, AI startups, and enterprises worldwide2
.Market Position and Competition
While Nvidia remains the dominant player in the AI chip market, AMD's deal with Humain demonstrates its ability to secure major contracts
5
. AMD is positioning itself as a more affordable alternative in the AI chip space, aiming to capture a significant market share5
. The company's expanded buyback program and the Humain partnership have boosted investor confidence, with AMD's stock price jumping 8% following the announcements1
5
.Related Stories
Global AI Investments
The AMD-Humain partnership is part of a broader trend of international AI investments. The White House reported that Saudi Arabian firm DataVolt plans to invest $20 billion in AI data centers and energy infrastructure in the United States
3
. Additionally, tech giants like Google, Oracle, Salesforce, and Uber are set to invest $80 billion in cutting-edge transformative technologies across both countries3
.Future Outlook
AMD and Humain plan to activate their first "multi-exaflop capacity" data center in Saudi Arabia by early 2026
4
. This development, coupled with the ongoing AI-driven capital expenditure among hyperscalers, bodes well for AMD's future growth prospects4
. The company's PEG ratio of 0.58 suggests that it may be undervalued compared to its growth potential, making it an attractive option for investors looking to capitalize on the AI boom5
.References
Summarized by
Navi
[2]
Related Stories
AMD's AI Push Gains Momentum with Record Data Center Revenue and Strong MI300 Outlook
29 Oct 2024•Technology
AMD Reports Record Q1 Earnings, Faces Challenges from US Export Controls on AI Chips
07 May 2025•Business and Economy
AMD's AI Ambitions Face Challenges Amid Market Volatility
04 Feb 2025•Technology
Recent Highlights
1
OpenAI Launches Astra AI Model With Critical Cyber Abilities Amid Safety Debate
Technology
2
OpenAI Agents Escape Sandbox, Post 18,000 Messages on German Wiki to Share Hacking Techniques
Policy and Regulation
3
Anthropic AI Completes 10-Year Mathematical Proof Project in Just 11 Days Using Claude
Technology
Recent Highlights
Today's Top Stories
Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Follow topics that matter to you and stay ahead.
