Undervaluation of Applied Materials, Inc. (AMAT) has surfaced amongst multiple investors. Bernstein's price target has been marginally lowered from $220 to $210, and it has become the 4th largest position for Abrams Bison Investments LLC. From capital expenditure cuts in memory spending to underperformance that investors view as a buying opportunity, Applied Material's journey has been a bumpy ride. Up by 3.42%, AMAT stocks slid due to investor pullback and missed earnings expectations coupled with a China sales decline. However, in amidst of all it managed to top Q4 earnings and revenue estimates. Despite weak spendings outside AI Chips, AMAT expanded its EPIC Platform, aiming to speed up advanced chip packaging. Investors too, need to watch out for AMAT's reliance on international sales. Even though the stock plunged by 21% in six months, Q4 showed profit increase YoY, and projected continued growth momentum for Fiscal 2025. But with Q1 revenue forecasts below estimates, citing slower growth despite AI Chip demand, investors will need to adapt their strategies to align with the changing market.
Applied Materials AMAT News Analytics from Thu, 15 Aug 2024 07:00:00 GMT to Sat, 30 Nov 2024 14:29:47 GMT - Rating 7 - Innovation 4 - Information 8 - Rumor 5
