The announcements follow reports that the US administration intends to facilitate AI chip deals between American firms and Gulf nations.

President Trump is striking deals to give Saudi Arabia wider access to advanced AI chips. Nvidia, AMD are seeing gains while Super Micro announced it reached a deal worth $20 billion dollars. Bloomberg Technology Co-Host Ed Ludlow joined Bloomberg Open Interest with the latest.

Other semiconductor stocks also did well Monday after Beijing and Washington agreed to drastically reduce tariffs for 90 days while talks on a more permanent deal continue.

Advanced Micro Devices on Wednesday announced a new $6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the AI trade that has powered their shares shows some signs of slowing.

AMD said its board of directors approved a new $6 billion stock buyback program. Added to the existing plan, that gives the company authority to repurchase around $10 billion wort

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