Core Viewpoint - U.S. stock futures are showing positive movement, while shares of Applied Materials Inc are experiencing a decline due to new export restrictions imposed by the U.S. Commerce Department [1][2]. Group 1: Applied Materials Inc - Applied Materials announced that the U.S. Department of Commerce's Bureau of Industry and Security has expanded the list of companies subject to export restrictions, which will negatively impact its revenue [2]. - The company expects that the new rule will further limit its ability to export certain products to customers based in China without a license [2]. - In pre-market trading, Applied Materials shares fell 3.6% to $215.50 [2]. Group 2: Other Stocks - GameStop Corp shares declined 5% to $25.87 in pre-market trading [4]. - Two Harbors Investment Corp fell 3% to $9.79 in pre-market trading [4]. - Bakkt Holdings Inc declined 3% to $42.60 after a significant increase of over 28% on Thursday [4]. - Niu Technologies shares fell 2.9% to $4.68 in pre-market trading [4]. - Tronox Holdings PLC shares decreased by 2.5% to $3.96 after gaining 4% on Thursday [4]. - Pacific Biosciences of California Inc shares fell 2.1% to $1.40 after adding 4% on Thursday [4]. - Bed Bath & Beyond Inc slipped 2% to $11.51 after an 18% jump on Thursday [4].

U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Friday.Shares of Applied Materials Inc (NASDAQ:AMAT) fell sharply in pre-market trading y after the company announced that the U.S. Commerce Department expanded export restrictions that will negatively impact revenues.After the market close on Thursday, Applied Materials said in a regulatory filing that the U.S. Department of Commerce’s Bureau of Industry and Security issued a new rule that expands the list of com ...

Core Viewpoint - Applied Materials has experienced a strong stock performance, but new export restrictions pose a significant threat to its business operations in China [1] Group 1 - The company has seen a robust increase in stock value recently, indicating positive market sentiment [1] - New export restrictions could impact the company's ability to conduct business in the Chinese market, which is a critical area for growth [1] - The potential limitations on exports may lead to decreased revenue and market share in China, affecting overall financial performance [1]

Core Viewpoint - The expansion of export restrictions on products to China by the U.S. government will lead to a significant revenue loss for Applied Materials, estimated at $600 million for the fiscal year ending in October 2026 [1] Group 1: Company Impact - Applied Materials reported a projected revenue loss of $600 million due to new export restrictions announced by the U.S. Department of Commerce [1] - Following the announcement, Applied Materials' stock price fell by 5.6% in after-hours trading, settling at $215.50, a decrease of 3.62% [1] Group 2: Regulatory Environment - The new regulations, effective from September 29, aim to prevent sanctioned companies from acquiring restricted U.S. products through subsidiaries [1] - Companies with at least 50% ownership by blacklisted firms will face the same restrictions as their parent companies, indicating a tightening of export controls [1]

Core Viewpoint - Applied Materials, a chip equipment maker, anticipates a $600 million reduction in fiscal 2026 revenue due to the U.S. expanding its restricted export list, impacting sectors like semiconductors and aircraft [1] Group 1: Company Impact - The forecasted revenue hit of $600 million is a direct consequence of new export restrictions imposed by the U.S. government [1] - The restrictions are expected to significantly affect the semiconductor industry, which is already facing challenges [1] Group 2: Industry Implications - The expansion of the restricted export list indicates a tightening regulatory environment for the semiconductor sector, potentially leading to further revenue declines across the industry [1] - Other sectors such as aircraft manufacturing are also likely to experience negative impacts from these export restrictions [1]

(Reuters) -Chip equipment maker Applied Materials forecast a $600 million hit to fiscal 2026 revenue after the U.S. expanded its restricted export list in a blow to sectors such as semiconductors, aircraft and medical equipment. Shares of Applied Materials fell about 3% in extended trading on Thursday after the company said in a filing the new rule would make it more difficult to export some products and supply specific parts and services to select China-based customers without a license. The U.S. Depart ...

Group 1: Trump's Economic and Policy Stances - Former President Trump proposes tariff-funded dividends for Americans, potentially ranging from $1,000 to $2,000, aimed at returning tariff revenue to citizens [3][10] - Trump plans to cap international students and implement potential speech restrictions, indicating a shift in immigration and education policies [4] - The ongoing government shutdown is viewed by Trump as an opportunity to enact significant changes within federal agencies, potentially leading to permanent cuts of projects he deems unnecessary [5][10] Group 2: Tech Sector Challenges - Applied Materials Inc. (AMAT) anticipates a revenue decrease of $600 million in fiscal 2026 due to expanded U.S. export restrictions affecting shipments to China, with a projected impact of approximately $110 million on fourth-quarter revenue [6][10] - Oracle (ORCL) is investigating a series of hacks targeting its E-Business Suite applications, following an extortion campaign claiming data breaches, raising significant cybersecurity concerns for the company and its clients [7][10]

Applied Materials said expanded US export curbs to China will further cut its revenue https://t.co/HA8lrVDiZ5 ...

Core Viewpoint - The stock of Applied Materials experienced a significant increase of 6.35% on October 1, reaching its highest point since July 2024, attracting widespread market attention [1] Group 1: Market Performance - The global semiconductor industry is undergoing a new cyclical recovery, providing growth opportunities for key suppliers like Applied Materials [1] - The demand for semiconductors is driven by the accelerated adoption of technologies such as 5G, IoT, and AI, leading to increased investment in related equipment [1] Group 2: Innovation and R&D - Applied Materials has been actively investing in research and development, driving breakthroughs in cutting-edge technologies [1] - The company's strong R&D capabilities and market insights allow it to maintain a competitive edge amid intense market competition [1] Group 3: Geopolitical Factors - Geopolitical factors are impacting the semiconductor industry, particularly in terms of supply and demand relationships [1] - Trade frictions and technological barriers are prompting companies to reassess the stability of their supply chains, making strategic adjustments essential for companies like Applied Materials [1]

Economic Indicators - US MBA mortgage applications fell by -12.7% in the week ended September 26, with the purchase mortgage sub-index down -1.0% and the refinancing sub-index down -20.6% [1] - The September ISM manufacturing index rose +0.4 to a 7-month high of 49.1, exceeding expectations of 49.0 [6] - The September ADP employment change unexpectedly fell by -32,000, marking the largest decline in 2.5 years, while August was revised lower to -3,000 from +54,000 [5] Market Reactions - Stocks initially moved lower due to the US government shutdown, but later recovered, with the S&P 500 and Nasdaq 100 reaching new all-time highs [2][4] - The dollar index fell to a one-week low, while gold prices climbed to a record high amid risk-off sentiment [2] - Rising corporate earnings expectations are a bullish backdrop for stocks, with over 22% of S&P 500 companies providing guidance for Q3 earnings that are expected to beat analysts' expectations [8] Sector Performance - Pharmaceutical stocks rallied, with AstraZeneca closing up more than +9% and Eli Lilly up more than +8%, driven by hopes from Pfizer's deal with the US government [15] - Chipmakers and AI-infrastructure stocks also saw gains, with Super Micro Computer closing up more than +9% and Micron Technology up more than +8% [16] - Grocery retailers declined after Amazon announced a new private-label food brand, leading to Dollar Tree and Dollar General closing down more than -4% and -3% respectively [22] Upcoming Economic Data - Weekly initial unemployment claims are expected to increase by +7,000 to 225,000, and August factory orders are expected to rise by +1.4% month-over-month [9] - September nonfarm payrolls are anticipated to increase by +51,000, with the unemployment rate expected to remain unchanged at 4.3% [9]