Advanced Micro Devices in our Pivotal Point Check: $10 Billion AI Initiative with HUMAIN and $6 Billion Share Buyback Program Boost the Stock!

$10 billion milestone in the advancement of global AI infrastructure with Saudi Arabia. New share buyback program announced worth $6 billion. BofA confirms Buy rating and raises the price target from $120 to $130. On Tuesday, May 13, 2025, the White House announced that Saudi Arabia will invest $600 billion in the U.S. as part of several agreements. The kingdom aims to transform from an oil state to a modern high-tech hub. To achieve this, the country is fully committed to artificial intelligence. AMD, alongside NVIDIA, is benefiting...