Core Viewpoint - UBS raised the target price for Applied Materials (AMAT.OQ) from $285 to $405, reiterating a "Buy" rating, driven by long-term growth prospects from the AI-driven semiconductor expansion [1] - Citigroup maintained a "Buy" rating with a target price of $400, highlighting the company's robust profitability [1] Company Performance - Applied Materials' stock experienced significant volatility, dropping 6.61% to $297.6 on February 4, with a trading volume of $4.395 billion; it rebounded over the next five trading days, closing at $329.07 on February 10, marking a cumulative increase of 3.26% over five days and a year-to-date increase of 28.05% [2] - On February 6, the stock saw a single-day increase of 6.09%, reflecting market attention on semiconductor equipment demand [2] Industry Events - The global semiconductor industry has seen positive developments, with South Korea's chip exports soaring 137.6% year-on-year in the first ten days of February, primarily driven by AI demand [3] - Samsung Electronics is set to ship its HBM4 products, which may boost demand for upstream equipment manufacturers [3] - Despite a short-term pullback, the semiconductor industry maintains growth expectations driven by AI and advanced packaging technologies [3]
瑞银上调应用材料目标价至405美元，重申买入评级