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,

AMD stock price crashed by over 6% in the extended hours after the blue-chip semiconductor company published mixed second-quarter results.

Advanced Micro Devices is set to report second-quarter results after the closing bell on Tuesday, with traders anticipating a sizable move from the chipmaker's stock.