CAMBRIDGE, Mass. and SANTA CLARA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- MIT and Applied Materials, Inc. announced an agreement today that, together with a grant to MIT from the Northeast Microelectronics Coalition (NEMC) Hub, commits more than $40 million of estimated private and public investment to add advanced nano-fabrication equipment and capabilities to MIT.nano, the Institute's center for nanoscale science and engineering. The collaboration will create a unique open-access site in the United Stat ...

In the latest market close, Applied Materials (AMAT) reached $168.48, with a +0.95% movement compared to the previous day. This change outpaced the S&P 500's 0.76% gain on the day. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.Heading into today, shares of the maker of chipmaking equipment had gained 2.98% over the past month, lagging the Computer and Technology sector's gain of 4.99% and outpacing the S&P 500's gain of 2.5% in that time.The inve ...

anilakkusI first wrote about a possible semiconductor equipment downturn in a June 24, 2021 Seeking Alpha article entitled “Applied Materials: Tracking A Likely Semiconductor Equipment Meltdown In 2023.” In the 31 months since I wrote that article, there have been significant mitigating factors impacting the semiconductor equipment markets: 1.The downturn was pulled into 2022 with poor sales of PCs and smartphones, as global economic activity experienced a broad-based and sharper-than-expected slowdown, ...

Sundry PhotographyApplied Materials (AMAT) describes itself as "The leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world." The company provides components, subsystems, and services to wafer fab equipment ("WFE") semiconductor manufacturers, which they use to make chips. The demand for more advanced chips drives this company's fortunes. When chip demand is high, this company thrives. When demand is low, business suffers. Experts believe the ...

Wednesday is turning out to have been a terrific day to own semiconductor stocks, with shares of rising artificial intelligence (AI) chipmaker Advanced Micro Devices (AMD 5.47%) up 5.7% through 3:15 p.m. ET, semiconductor manufacturing equipment maker Applied Materials (AMAT 4.38%) gaining 4.8%, and server and data storage solutions provider Super Micro Computer (SMCI 2.73%) eking out a 2.8% gain.And it all began with an upgrade for AMD.New Street, new buy ratingLondon-based stock research shop New Street a ...

Semiconductor stocks have been on a tear in the last year, and that momentum is set to continue in 2024. The burgeoning semiconductor industry stands at the forefront of technological innovation. While artificial intelligence has been a primary driver, there are a number of industries that are in need of advanced semiconductor chips. During the pandemic there was a widespread, global semiconductor shortage. This shortage extended well into late 2023 and had largely affected the automotive market. Now, with ...

In the latest market close, Applied Materials (AMAT) reached $167.05, with a -0.74% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.29%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.43%.Coming into today, shares of the maker of chipmaking equipment had gained 3.86% in the past month. In that same time, the Computer and Technology sector gained 3.67%, while the S&P 500 gained 2.08%.The investment community will be paying close ...

Wall Street was upbeat last week with the S&P 500 gaining 1.2%, the Dow Jones inching up 0.7% and the Nasdaq Composite adding 2.3%. The S&P 500 and the Dow Jones hit a record high on Friday as tech stocks jumped.Since October 2022, the S&P 500 has been in a bull market phase, according to popular definitions. This period marks a recovery from a significant dip in early 2022 due to inflation concerns and the Federal Reserve's interest rate hikes.The index faced a severe downturn, losing up to 25% from its pe ...

2023 has come and gone, leaving the stock market's tech sector buzzing with the promise of artificial intelligence (AI) technology. Some stocks have skyrocketed in response to the AI-based sea change, but a few were left behind -- and not always for good reason.Three of The Motley Fool's top tech experts got together to share their most affordable AI plays in this market. Read on for the straight dope on their clear-eyed picks: Taiwan Semiconductor Manufacturing (TSM 1.03%), Amazon (AMZN 1.20%), and Applied ...

The artificial intelligence (AI) trade is alive and kicking. Companies tied to AI are rallying to start 2024 after a brief pullback. The continued upsurge in AI stocks comes as companies make announcements about increased production, new consumer products, and enhanced capabilities related to generative AI. The focus among analysts and investors this year centers on the monetization of AI products and the boosts it can provide to companies’ bottom lines. The global market for AI is forecast in excess of $30 ...