Applied Materials (NASDAQ:AMAT) Shares Down 6.7% - Here's What Happened
4 Articles
4 Articles
Semiconductor Equipment Stocks Slide as Investors Take Profits on a Huge Year: Applied Materials Sinks 7%, Lam Research and KLA Drop 4%
The post Semiconductor Equipment Stocks Slide as Investors Take Profits on a Huge Year: Applied Materials Sinks 7%, Lam Research and KLA Drop 4% appeared first on 24/7 Wall St.. Semiconductor equipment stocks are giving back ground after a strong year powered by artificial intelligence (AI) spending. Applied Materials (NASDAQ:AMAT) stock is at $461.91, down 7% in afternoon trading, a pullback that still leaves it up 80% year to date. Selling is …
Applied Materials (AMAT) Stock: Sinks 8% Despite Strong AI Chip Demand
TLDR Applied Materials (AMAT) stock plunges 8.19% despite strong demand for AI chips. Applied Materials targets over two percentage points of market share gains by 2030. Applied Materials expects its eBeam equipment revenue to reach $2 billion in 2026. Applied Materials projects semiconductor service revenue above $12 billion by 2030. Applied Materials plans to more [...]
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