AMD unveils $6B buyback plan
“Charles Payn discusses money to make money if President Donald Trump’s trading war will lead to US insulation.
Advanced micro devices On Wednesday, he announced a new $ 6 billion trading program, joining a number of Chipmakers who want to reduce their flame as their shares.
The shares of Santa Clara, the California company, have risen by 6.4%. Its shares have decreased by more than 6% this year, compared to the criterion less than 1% decline Philadelphia semiconductor index.
The trust that raises its total acquisition of about $ 10 billion is only a day after the Armenian dram, which announces the transaction with Human, saying a number of transactions in the Middle East.
This illustration is posted by the Smartphone of the Smartphone, which is posted on March 6, 2023. (Reuters / Dado Ruvic / Reuters)
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While mostly, the chip has been putting pressure on artificial intelligence spending and the impact of the global trade war, the dram still has underestimated peers, as there is fears about its competitiveness in the AI ​​market.
The dram was praised as a more terribly competitor of the domination of AI Front-Runner NVIDIA, but the company is now facing comfortable competitions and a larger competitor industry.
Jensen Huang, co-founder of Nvidia Corp., keeps the company’s AI accelerator chips for data centers. (Kio Kut / Bloomberg Getty Images / Gettty Images)
AMD shares Last year, it was 18% decline, and NVIDIA shares rose over 170%. The shares of AI Chipmaker Broadcom have doubled in 2024.
“Our expanded stock repurchase program reflects the trust of the Council in the ability to consistently arise the strategic direction of the Armenian dram, the prospects of growth and the flow of strong cash flow.”
| Grieving | Safety | Last | Change | Change% |
|---|---|---|---|---|
| Dash | Advanced Micro Devices Inc. | 117.72 | -As |
+ 4.68% |
| Nvda | NVIDIA CORP. | 135.34 | +5.41 |
+ 4.16% |
| Avona | BroadCom Inc. | 232.12 | -0.30 |
-0.13% |
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However, within three months, the free cash flow of drams has decreased by more than 33% in March and amounted to $ 727 million. As of March 29, the equivalents of cash and funds amounted to $ 6.05 billion, while current liabilities amounted to $ 7.70 billion.
Among other large Chipmakers, Broadcom has announced $ 10 billion in April, while Smartphones Chipmaker Qualcomm has opened $ 15 billion in shares.
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