Fortunes can change quickly in Silicon Valley. Not that they need another reminder, but observers of the tech industry are seeing yet another back-from-the-grave act play out with semiconductor second fiddle Advanced Micro Devices (NASDAQ:AMD), whose shares are up a cool 70% so far this year. However, there are some that who AMD's return to glory is just getting started. So how much further could this company go, and how should investors play this emerging tech opportunity? In this video, Fool contributor Andrew Tonner breaks down why AMD could still have room to run.

Fool contributor Andrew Tonner owns shares of Apple. Follow Andrew and all his writing on Twitter @AndrewTonnerThe Motley Fool recommends and owns shares of Apple, Google, and Intel. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.