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AMD announces a purchase of $ 6 billion; Shares rise to 6%


Lisa Su, President of the AMD, President and CEO Las Vegas talks about AMD EpYC processor at the 2019 CES on January 9, 2019.

Steve Marcus | Reuters

Very Wednesday said The Board of Directors approved $ 6 billion to receive sharing. The stock got up to 6%.

According to the company, the permission is added to $ 4 billion in addition to $ 4 billion for those who purchased existing shares.

“Our extended sharing software reflects the ability of the Management Board to create a strategic direction of AMD, growth prospects and a free cash flow” AMD CEO Lisa has said in a statement.

AMD, the most important artificial intelligence In addition to NVIDIA, Chip has reported 96 kopecks in the first quarter of $ 7.44 billion in income.

Very declared He has $ 10 billion in investment on Tuesday to support the AI ​​company called the Asgi in Saudi Arabia. Water announced the deal in Saudi Arabia this week.

AMD will provide graphic processors for central processors needed to correct graphics processors for AI as well as AI servers Also purchases NVIDIA processors. Bank of America analyst Vivek Arya added $ 10 to AMD, brought $ 10 to $ 130 per share. In the news.

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