Shares of Advanced Micro Devices (NASDAQ: AMD) have rocketed to 10-year highs after the company reported stellar second-quarter results that comfortably trumped Wall Street estimates. Not surprisingly, the chipmaker soared on the stock market after reporting results, but panic soon set in after certain analysts expressed concerns regarding future growth.BMO Capital, for instance, downgraded AMD stock from outperform to market perform, while the likes of Morgan Stanley and Credit Suisse believe that the stock is fairly valued given its remarkable run over the past year. But investors shouldn’t get disheartened by the bearish arguments as AMD has got enough catalysts in the bag to propel its multi-year growth trajectory.Image Source: AMD¬†Continue reading
Source: The Motley Fool on finance and investing