Reported 15 days ago
Bernstein has reaffirmed its Outperform rating on Applied Materials, Inc. (NASDAQ:AMAT) with a price target of $195, despite new U.S. export regulations that could negatively affect the company's financial performance. Applied Materials expects a hit of $110 million in its fiscal fourth quarter and a substantial $600 million impact for fiscal year 2026 due to these limitations on exports to certain customers in China. The firm remains optimistic about AMAT's potential as an investment, though it acknowledges the opportunity in AI stocks.
Source: YAHOO