Chip Stock Surges on Share Buyback, Saudi Arabia Deal

Shares of Advanced Micro Devices Inc (NASDAQ:AMD) are up 7.2% at $120.53 at last glance, after the semiconductor company announced a$6 billion share buyback program. Plus, firm is one of multiple chipmakers, including Nvidia (NVDA), to ink a partnership with HUMAIN, a new artificial intelligence (AI) venture in Saudi Arabia. Today's pop has AMD headed for its sixth-straight win. Now trading at its highest levels since January, the equity is hanging around breakeven for 2025. The shares' overhead 160-day mo ...