AMD Shares ‘Priced for Perfection’ After Best Month in 25 Years

Advanced Micro Devices Inc. is coming off its best month in the stock market since the dot-com era, and with the chipmaker’s first-quarter earnings due after the bell, investors will get a chance to see whether its shares have gotten ahead of its fundamentals.

“AMD is priced for perfection,” said David Nicholas, chief executive officer of Nicholas Wealth Management, which owns AMD shares. “Anything less than perfection could mean the stock comes under pressure.”