AMD announces $6 billion buyback; shares climb 6%

Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. AMD said on Wednesday that its board of directors approved $6 billion in share buybacks. The stock climbed 6%. The authorization is in addition to $4 billion in existing approved share repurchases, the company said. "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. ... Read full article.