The 4 Catalysts Launching AMD Toward Historic Highs

AMD's (NASDAQ: AMD) stock recently hit all-time highs after the chipmaker's second-quarter numbers beat Wall Street's expectations. Its revenue rose 26% annually to $1.93 billion, beating estimates by $76 million. Its adjusted earnings rose 125% to $0.18 per share and cleared expectations by a penny.

AMD expects its revenue to grow 42% annually in the third quarter and 32% for the full year. Those rosy forecasts also beat analysts' expectations and indicate its stock still has room to run after rallying nearly 70% this year.

Let's examine the four main catalysts that are generating fresh growth for AMD.

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Source Fool.com