AMD grows stronger as trade fears between America and China fade away. The computer chip maker added $6 billion for buying back its shares from investors. Combined with earlier plans, AMD can spend about $10 billion to purchase its stock. This marks a change from previous months when the company bought fewer shares. AMD stepped up last quarter and spent $749 million on share repurchases.
A Saudi group called HUMAIN teamed up with AMD through a $10 billion agreement. They plan to build computer systems for artificial intelligence over five years. Their first major data center should open in Saudi Arabia early next year. Large tech companies continue spending heavily on AI equipment, with budgets growing 35 percent this year. This helps AMD make more money, along with other chip makers like NVIDIA and TSMC.
AMD reported better earnings than experts predicted for the beginning of 2025. The company sold more products than expected and made higher profits. AMD also told investors they would earn more money next quarter than people thought.
A Saudi group called HUMAIN teamed up with AMD through a $10 billion agreement. They plan to build computer systems for artificial intelligence over five years. Their first major data center should open in Saudi Arabia early next year. Large tech companies continue spending heavily on AI equipment, with budgets growing 35 percent this year. This helps AMD make more money, along with other chip makers like NVIDIA and TSMC.
AMD reported better earnings than experts predicted for the beginning of 2025. The company sold more products than expected and made higher profits. AMD also told investors they would earn more money next quarter than people thought.
