Advanced Micro Devices shares jumped Wednesday, as the chip designer said its board approved a fresh $6 billion share buyback program.

Advanced Micro Devices (AMD) is betting on its future growth and rewarding shareholders with a bold $6 billion share buyback program, marking a significant milestone in the company’s financial strategy.

Advanced Micro Devices (NASDAQ:AMD) saw its stock rise 6.5% in pre-market trading after unveiling a significant increase to its share repurchase program. The semiconductor giant announced a fresh $6 billion authorization for stock buybacks,