Shares of semiconductor manufacturer AMD were up Wednesday after a big stock buyback authorization. Here's what that means.

AMD has announced a new $6 billion stock buyback program, increasing its total repurchase authorization to $10 billion. This decision reflects the board's confidence in AMD's growth prospects and ability to generate strong free cash flow.

Advanced Micro Devices' (NASDAQ: AMD) long-awaited AI-powered stock price rally is here. The stock is rocketing higher after a string of good news, including reduced trade tensions with China, a new deal with Saudi Arabia’s HUMAIN,

The partnership was announced as part of a White House tour to Saudi Arabia, Qatar, and the United Arab Emirates.

The United States agreed on Tuesday to sell Saudi Arabia an arms package worth nearly $142 billion, according to a White House fact sheet that called it "the largest defense cooperation agreement" Washington has ever done.

The U.S. has agreed to sell Saudi Arabia an arms package worth nearly $142 billion, the White House announced Tuesday, as President Donald Trump kicked off his Middle East trip in Riyadh. Described by the Trump administration as "the largest defense cooperation agreement" in history,