In its upcoming report, Applied Materials (AMAT) is predicted by Wall Street analysts to post quarterly earnings of $1.90 per share, reflecting a decline of 6.4% compared to the same period last year. Revenues are forecasted to be $6.47 billion, representing a year-over-year decrease of 4%.Over the last 30 days, there has been an upward revision of 0.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initi ...

"A $1 trillion industry by the end of the decade." That's what global consulting firm McKinsey & Company projects for semiconductors. It's not an outlandish prediction at all, considering that the semiconductor market already tops $500 billion. Unsurprisingly, McKinsey ranks artificial intelligence (AI) as one of the top growth drivers for semiconductors in the coming years. Investors have plenty of ways to profit from the rapidly growing semiconductor market. Here are three top stocks to buy now.1. Advance ...

In the latest trading session, Applied Materials (AMAT) closed at $173.89, marking a +1.75% move from the previous day. This move outpaced the S&P 500's daily gain of 0.06%. Elsewhere, the Dow saw an upswing of 0.13%, while the tech-heavy Nasdaq appreciated by 0.24%.Shares of the maker of chipmaking equipment witnessed a gain of 14.08% over the previous month, beating the performance of the Computer and Technology sector with its gain of 12.39% and the S&P 500's gain of 6.45%.The investment community will b ...

SANTA CLARA, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced the recipients of Supplier Excellence Awards for contributions made to Applied's business over the past year. The awards reflect outstanding technical and operational performance in areas including quality, service, lead time, delivery, cost and responsiveness. The awards also include an Excellence in ESG category which is part of the SuCCESS2030 (Supply Chain Certification for Environmental and Social Sustainabil ...

Applied Materials (AMAT) closed the latest trading day at $171.09, indicating a +1.73% change from the previous session's end. This change outpaced the S&P 500's 0.32% loss on the day. On the other hand, the Dow registered a loss of 0.71%, and the technology-centric Nasdaq decreased by 0.2%.The the stock of maker of chipmaking equipment has risen by 12.87% in the past month, leading the Computer and Technology sector's gain of 9.33% and the S&P 500's gain of 4.59%.Market participants will be closely followi ...

SANTA CLARA, Calif., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. will hold a webcast to discuss its first quarter of fiscal 2024 financial results on Thursday, Feb. 15, 2024 at 4:30 p.m. ET / 1:30 p.m. PT. The live webcast will be accessible via the Applied Materials website at: https://ir.appliedmaterials.com. A replay will be available on the same day beginning at 8:00 p.m. ET / 5:00 p.m. PT. About Applied MaterialsApplied Materials, Inc. (NASDAQ:AMAT) is the leader in materials engineering ...

SANTA CLARA, Calif., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. will hold a webcast to discuss its first quarter of fiscal 2024 financial results on Thursday, Feb. 15, 2024 at 4:30 p.m. ET / 1:30 p.m. PT. The live webcast will be accessible via the Applied Materials website at: https://ir.appliedmaterials.com. A replay will be available on the same day beginning at 8:00 p.m. ET / 5:00 p.m. PT. About Applied MaterialsApplied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering ...

As the engine of artificial intelligence (AI) models and applications, stocks of microchip and semiconductor companies remain red hot. The iShares Semiconductor ETF (NASDAQ:SOXX) has risen 45% in the last 12 months, including a 6% increase this year. Many of the better known chip stocks, such as Advanced Micro Devices (NASDAQ:AMD), have seen their share price more than double over the past year. And the gains look likely to continue as global demand for the microchips needed to power AI continues to swell a ...

There are multiple reasons that investors should be highly interested in some appealing chip stocks at the moment. Several factors suggest that the semiconductor industry is poised to skyrocket in 2024.The first tranche of funding from the CHIPS Act was released at the end of 2023. The strong government subsidization of chips is one such factor. Of course, 2023 was a seminal year for AI, deeply tied to semiconductors. Continued monetization of generative AI, in particular, will play a strong role.Further, i ...

Sundry PhotographyIn our prior analysis of Applied Materials, Inc. (NASDAQ:AMAT), we emphasized its market dominance in 2022, outperforming semiconductor equipment competitors. However, we anticipated a growth slowdown due to a projected moderation in the semiconductor industry capex for Logic and Memory segments. In this follow-up analysis, we analyzed the company's full-year results, noting a flattish revenue growth (2.8%). We focused on the geographical revenue breakdown, particularly in China, consi ...