AMD launches $8B in share repurchase authorization
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AMD (NASDAQ:AMD)
trades 1.3% higher after hours on board approving a new $8B share repurchase program which is in addition to the $4B share repurchase program announced in May 2021.
Under the prior program, the company has repurchased ~$3B of shares.

YTD, the stock has lost 23.7%; current repurchase program forms 4.3% of its total current market cap.