Why Advanced Micro Devices Stock Is Skyrocketing This Week — Has the Nvidia Rival’s Day Finally Come?
From Yahoo Finance: 2025-05-16 13:04:00
AMD announced a $10 billion deal with a Saudi AI company and expanded its share repurchase program by $6 billion. Stock rose 14.2% this week, signaling confidence. CEO Lisa Su emphasized strong free cash flow. The deal with Humain shows AMD’s ability to secure major contracts in the AI market.
AMD’s expanded share buyback program indicates confidence in its growth and financial health. A $10 billion deal with Humain for AI applications highlights AMD’s competitiveness in the market. While it may not surpass Nvidia, AMD’s stock is attractively priced with a PEG ratio of 0.58.
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