Reported 8 days ago
Following a stronger-than-expected fiscal Q4 earnings report, analysts reassess their stock price targets for Applied Materials, contemplating the implications of a subdued outlook for non-AI chip demand in the upcoming year. Despite Applied Materials benefitting from significant investments from major cloud-service providers, concerns arise over the impact of export restrictions to China and a challenging forecast for ongoing sales. Analysts predict a slight decline in wafer front-end equipment sales and have lowered their price targets, reflecting a cautious sentiment amid evolving market dynamics.
Source: YAHOO