09:21 AM EDT, 05/14/2025 (MT Newswires) -- AMD (AMD) said Wednesday that it has launched a new $6 billion share repurchase program.

The semiconductor company said the new authorization adds to the $4 billion remaining balance from its existing share repurchase program as of March 29, bringing the total current repurchase authority to $10 billion.

Shares of the company were up 6.7% in recent Wednesday premarket activity.