Our job is to build the best, so we have to keep pushing the envelope on new innovation." AMD CEO Su feels the need for speed Investors will be keeping a sharp eye on AMD as the semiconductor maker is scheduled to report quarterly results after the bell on May 6.

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

AMD increases existing stock repurchase authorisation by $6 billion. The AI chips giant has signed a multi-year deal with Saudi Arabia.