AMAT Dips 9.1% in a Month: How Should Investors Play the Stock Now?

Applied Materials (AMAT) has seen a 9.1% decrease in its share price over the past month, which has left many investors questioning whether it is the time to buy the dip.This drop compares unfavorably with the industry’s fall of 7.6%, the Zacks Computer and Technology sector’s growth of 0.2% and the S&P 500’s return of 1%.Despite reporting impressive third-quarter fiscal 2024 results, the company is facing significant challenges due to market volatility, high inflation and geo-political tensions.One-Month P ...