Advanced Micro Devices Inc.’s upbeat revenue outlook wasn’t enough to send the stock higher in Tuesday’s extended session — suggesting the explosive rally over the past few months might have been overextended,

Investors likely wanted more upside after a rally in the stock price over the past three months. The chip maker reported second-quarter adjusted earnings per share of 48 cents, in line with Wall Street’s consensus estimate,

Advanced Micro Devices (AMD) is set to report second-quarter results after the closing bell on Tuesday, with traders anticipating a sizable move from the chipmaker's stock. Current options pricing suggests traders expect the stock could move more than 7% by the end of this week,