If $AMD(AMD.US) only delivers results in line with market expectations, the stock price will likely face selling pressure. To break through historical highs, relying on 'slight outperformance' may not be enough; a sufficiently strong earnings report is needed to drive the market to reprice. Looking at Micron's last earnings report, what truly drove the stock price was that both performance and guidance significantly exceeded expectations. The market cares less about stories and more about actual results.
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