Chip designer Advanced Micro Devices (AMD.O) announced that its board has approved a new $6 billion share buyback program, boosting its total repurchase authority to about $10 billion.Shares of ...

AMD stock rose 9.1% to $162.67. Gain followed AI chip event where AMD unveiled Instinct MI325X. New chips will ship in Q4 2024, with next-gen chips coming in 2025 and 2026.