Core Viewpoint - Applied Materials (AMAT) shares experienced a significant decline of 12.71% following conservative guidance for the fourth quarter despite beating expectations in the fiscal third quarter [1][2]. Financial Performance - In the fiscal third quarter, Applied Materials reported revenue of $7.30 billion, an 8% increase year-over-year, and adjusted earnings of $2.48 per share, both exceeding consensus estimates [1]. - The gross margin reached 48.8%, with all three business segments surpassing forecasts [1]. Fourth Quarter Guidance - Management provided a conservative outlook for the fourth quarter, forecasting revenue of approximately $6.70 billion, which is below analysts' average estimate of $7.33 billion [2]. - Adjusted EPS is expected to be $2.11, missing the consensus of $2.39 [2]. Analyst Reactions - The cautious outlook led to multiple analyst downgrades, with Bank of America lowering its rating to Neutral from Buy and reducing the price target to $180, citing weak visibility around demand and pressures related to China [3]. - Summit Insights downgraded the stock to Hold from Buy, highlighting risks from U.S. export restrictions affecting orders in China, potentially leading to excess capacity [3]. - Stifel maintained a Buy rating but cut its price target to $180 from $195, indicating that while long-term fundamentals are sound, near-term guidance necessitates a more conservative valuation [4]. - Goldman Sachs reaffirmed a Buy rating with a target of $215, emphasizing that despite a soft near-term outlook, Applied Materials benefits from strong fundamentals and positioning in etch and deposition technologies [5]. - Barclays also maintained an Equal Weight rating with a target of $170 [5].

以下文章来源于算法爱好者 ，作者小蒜 算法爱好者 . 算法是程序员的内功！「算法爱好者」专注分享算法相关文章、工具资源和算法题，帮程序员修炼内 功。 低价新芯片，英伟达的 "救命稻草"？ AI 芯片"一哥"英伟达，最近被美国的出口限制搞得焦头烂额。 这不，路透社有消息传来，英伟达打算给咱中国市场整一款"特供版" AI 芯片，价格在 6500~8000 美元之间。 要知道，之前受限的 H20 芯片卖 1~1.2 万美元，这新芯片直接打了个"骨折价"！ 这新芯片基于 RTX Pro 6000D，基于 Blackwell 架构，用的是传统的 GDDR7 内存，也没上台积电的先进封 装技术。 但没办法啊，美国出口限制在那摆着，英伟达只能"曲线救国"，通过降低规格来避开那些限制，想靠这招夺回 被国产品牌抢走的市场份额，计划 6 月就开始大规模生产，甚至还打算 9 月再推出另一款芯片，这是要"梭 哈"的节奏咯！ 市场份额"大跳水"，英伟达慌了！ 4 月份美国禁了 H20 芯片后，英伟达一开始想整个降级版的 H20，结果没搞成。 英伟达 CEO 黄仁勋也无奈表示，Hopper 架构在现有出口限制下没法再改了。现在，英伟达在 ...