Bernstein Keeps Outperform Rating on Applied Materials (AMAT)

Core Viewpoint - Applied Materials, Inc. (NASDAQ:AMAT) is facing challenges due to new US export restrictions that may negatively impact its financial performance, yet Bernstein maintains an Outperform rating with a price target of $195 [1][2][3]. Group 1: Financial Impact - The new US rule complicates the export of certain products and services to select customers in China, requiring licenses for transactions [2][3]. - Applied Materials anticipates a financial impact of approximately $110 million in its fiscal fourth quarter and a more significant hit of $600 million for fiscal year 2026 [3]. Group 2: Company Overview - Applied Materials specializes in materials engineering solutions for the semiconductor and flat panel display industries [4]. - Despite the challenges posed by export restrictions, Bernstein continues to view Applied Materials positively, maintaining its Outperform rating [3][4].