A spectrum of analytical sentiments on
Applied Materials Inc. (AMAT) sets the tech sector alight. Notable mentions include Goldman Sachs' bullishness and L & S Advisors Inc.'s new $3.07 Million investment. The company's shares have surged 30%, pushing past the 200 DMA, fueled by its positioning in AI stocks. Indeed, BlackRock designates AMAT as a crucial AI player. However, shares experienced a drop despite AMAT's growth beating market returns, amid stock market gains and a DOJ subpoena. AMAT's Q3 2024 earnings call isn't short of highlights, with
CEO Gary Dickerson lauding the company's robust 2024 performance. Edgestream Partners L.P., however, sold their AMAT shares. Q3 earnings top estimates, with high revenues and profit reported, alongside a beat-and-raise earnings report. Despite this, the company's stock has fallen, even after the Chips Act denied funding. Analysts forecast
higher profitability on track. Potential headwinds exist in wafer fab equipment outperformance and investor scrutiny over shipments to China customers.
Applied Materials AMAT News Analytics from Mon, 06 May 2024 07:00:00 GMT to Sun, 22 Sep 2024 17:21:24 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor -5
