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AMD Stock Is Rising. Investors Are Cheering More Buybacks.

Advanced Micro Devices stock jumped on Friday, the morning after the chip maker unveiled a new $8 billion buyback program. The stock’s newest bull sees more good things coming.

AMD (ticker: AMD) said after the market closed Thursday that the $8 billion program is in addition to the $4 billion program announced in May, which still has about $1 billion remaining.

“We…

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