Applied Materials Inc. ($AMAT) Stock Forecast: Down 8.9% Today

What is Applied Materials Inc.?

Applied Materials (NASDAQ: AMAT) operates in the semiconductor industry, offering services and technology for semiconductor chip manufacturing. The company faced a notable decline in its stock amidst market volatility.

Why is Applied Materials Inc. going down?

AMAT stock is down 8.9% on Nov 15, 2024 20:42

• Despite reporting strong Q4 earnings, Applied Materials encountered a bearish market reaction, attributed partially to concerns about its heavy reliance on Chinese market spending.
• Following the earnings announcement, analysts adjusted their forecasts downwards, leading to a stock price decrease despite exceeding earnings estimates.
• The broader market sentiment, reflected in the decline of U.S. stock and Dow futures by over 200 points, also played a role in the stock's decline.
• These combined factors contributed to a significant decrease in AMAT's stock price, underscoring the impact of external influences on its performance.

AMAT Price Chart

AMAT Technical Analysis

AMAT News

Applied Materials Reports Solid Q4 Beat, Analysts Express Concern Around High Exposure To China Spending Decline - Applied Mat ( NASDAQ:AMAT )

Applied Materials, Inc. AMAT shares tanked in morning trading on Friday, even after the company reported upbeat fiscal fourth-quarter earnings. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.

https://www.benzinga.com/news/earnings/earnings-beats/24/11/42015379/applied-materials-reports-solid-q4-beat-analysts-express-concern-around-high-exposur

Friday's Top 5 Trending Stocks: What's The Scoop On Palantir, Bloom Energy, Pfizer? - Palantir Technologies ( NYSE:PLTR )

Here's a look at the top five trending stocks on Yahoo Finance. Pfizer, Inc. PFE: Shares of vaccine stocks are down after President-elect Donald Trump pointed to Robert Kennedy Jr. as potentially the next Health and Human Services secretary.

https://www.benzinga.com/trading-ideas/movers/24/11/42015378/fridays-top-5-trending-stocks-whats-the-scoop-on-palantir-bloom-energy-pfizer

AMAT Q4 Earnings Beat: Will Dim Sales Guidance Pull the Stock Down?

Applied Materials' Q4 results reflect the benefits of strong performance across the Semiconductor and AGS business segments.

https://www.zacks.com/stock/news/2371064/amat-q4-earnings-beat-will-dim-sales-guidance-pull-the-stock-down

These Analysts Slash Their Forecasts On Applied Materials Following Q4 Earnings - Applied Mat ( NASDAQ:AMAT )

Applied Materials, Inc. AMAT reported better-than-expected fourth-quarter results after Thursday's closing bell. Applied Materials reported quarterly earnings of $2.32 per share, which beat the analyst consensus estimate of $2.19.

https://www.benzinga.com/24/11/42007705/these-analysts-slash-their-forecasts-on-applied-materials-following-q4-earnings

Applied Materials Reports Q1 Results, Joins Oklo, AST SpaceMobile And Other Big Stocks Moving Lower In Friday's Pre-Market Session - Applied Mat ( NASDAQ:AMAT )

U.S. stock futures were lower this morning, with the Dow futures falling more than 200 points on Friday. Shares of Applied Materials, Inc. AMAT fell sharply in today's pre-market trading following first-quarter results.

https://www.benzinga.com/24/11/42006745/applied-materials-reports-q1-results-joins-oklo-ast-spacemobile-and-other-big-stocks-moving-lower-in-fridays-pre-

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Applied Materials Inc. Price History

04.08.2024 - AMAT Stock was down 5.1%

• The bearish movement in AMAT's stock today could be due to ongoing investigations by multiple law firms, potentially raising concerns among investors about legal issues or regulatory challenges.
• Furthermore, the recent dip in AMAT's stock price over the past month may be a result of macroeconomic headwinds and escalating U.S.-China tensions impacting the semiconductor industry, leading to a more cautious outlook on the company's future.
• Despite the continued strength in AMAT's services, the overall market sentiment appears to be influenced by legal investigations and external geopolitical factors impacting the semiconductor sector, prompting investors to take a more cautious approach pending further clarity on these issues.

26.08.2024 - AMAT Stock was up 6.8%

• Despite bearish options activity from financial giants and smart money, AMAT stock surged significantly by 4.63%.
• The bullish movement can be attributed to the overall positive sentiment in the semiconductor and chip stocks following a rate cut, boosting growth stocks and rate-sensitive sectors like tech.
• The discrepancy between options activity and the actual stock movement suggests that market sentiment and external factors played a more significant role in driving the stock price today.

19.08.2024 - AMAT Stock was up 5.1%

• AMAT stock surged by 4.63% to $194.75 as semiconductor and chip stocks rallied following a rate cut, boosting growth stocks like tech companies.
• Despite some bearish options activity, the overall sentiment was positive with the stock gaining momentum.
• The announcement of a cash dividend by Applied Materials could have also contributed to the bullish movement, attracting investors seeking income opportunities.
• The combination of favorable market conditions, positive sentiment, and dividend news likely fueled the bullish movement in AMAT stock today.

16.09.2024 - AMAT Stock was down 5.9%

• Smart money was betting big on AMAT options, with a majority of traders showing bullish tendencies. However, the stock experienced a significant bearish movement.
• AMAT shares plummeted by 10.2% possibly in sympathy with ASML and amid discussions of the U.S. potentially limiting chip exports to certain countries.
• Despite the bullish stance taken by investors in options trading, external factors such as industry-wide declines and geopolitical concerns may have contributed to the bearish movement in AMAT stock.

15.09.2024 - AMAT Stock was down 6.9%

• The options frenzy on Applied Mat (AMAT) indicated a bullish stance from investors with significant capital, potentially giving an initial boost to the stock.
• The bearish movement in the market today could be linked to wider market trends or specific negative developments in the semiconductor industry.
• Rep. Marjorie Taylor Greene's stock portfolio adjustments and tech stock picks may have influenced market sentiment, indirectly impacting the bearish movement in AMAT today.

15.09.2024 - AMAT Stock was down 9.3%

• AMAT stock experienced a significant bearish movement, dropping by 10.2% to $192.15, possibly influenced by ASML's soft guidance, which led to a negative sentiment across the industry.
• The discussion around curbing chip exports to certain countries contributed to the downward pressure on semiconductor stocks, including AMAT.
• Despite the bearish trend, there was heightened options activity with investors showing a bullish outlook on AMAT, highlighting a divergence in market sentiment between retail and institutional investors.
• The overall market performance of AMAT today could be attributed to a mix of industry-specific factors like soft guidance from peers and broader geopolitical concerns affecting semiconductor exports.

15.10.2024 - AMAT Stock was down 8.5%

• AMAT reported strong Q4 earnings, surpassing analyst expectations, which initially boosted investor confidence.
• However, the stock faced pressure as the company provided cautious sales guidance for the future, causing analysts to adjust their forecasts downwards.
• The general market sentiment, indicated by U.S. stock futures dropping and other significant stocks declining, influenced AMAT's bearish movement.
• The mix of positive earnings and negative sales outlook might have created uncertainty among investors, leading to a decline in the stock price despite the earnings beat.

15.10.2024 - AMAT Stock was down 8.2%

• AMAT reported better-than-expected Q4 earnings, with earnings per share beating analyst estimates.
• Despite the positive earnings report, AMAT's stock fell sharply in today's pre-market trading following the release of Q1 results.
• The market may have reacted negatively due to analysts slashing their forecasts on AMAT, despite the company surpassing expectations.
• The overall market sentiment, with U.S. stock futures trading lower, could have contributed to the bearish movement in AMAT's stock price.

15.10.2024 - AMAT Stock was down 8.9%

• Despite reporting strong Q4 earnings, Applied Materials encountered a bearish market reaction, attributed partially to concerns about its heavy reliance on Chinese market spending.
• Following the earnings announcement, analysts adjusted their forecasts downwards, leading to a stock price decrease despite exceeding earnings estimates.
• The broader market sentiment, reflected in the decline of U.S. stock and Dow futures by over 200 points, also played a role in the stock's decline.
• These combined factors contributed to a significant decrease in AMAT's stock price, underscoring the impact of external influences on its performance.

08.07.2024 - AMAT Stock was up 5.7%

• AMAT stock surged despite a slip in the overall market, showcasing resilience.
• The positive earnings report of MKS Instruments (MKSI) in the semiconductor sector likely boosted investor confidence in related companies like AMAT.
• Analysts predicting 'higher profitability' for AMAT could have contributed to the bullish sentiment.
• The overall market crash fears might have led investors to seek refuge in strong AI stocks like AMAT, driving the upward movement.

15.07.2024 - AMAT Stock was up 5.5%

• The positive movement in AMAT stock could be linked to analysts' expectations of a strong performance in the upcoming earnings report, with a projected increase in quarterly earnings per share.
• The buzz around AMAT was further boosted by its mention on a prominent financial program, potentially attracting more investor attention.
• While initial concerns arose due to ongoing investigations by a legal firm, the overall optimism surrounding the earnings report appears to have outweighed these worries.
• The heightened options volatility and anticipated earnings impact for AMAT today may suggest increased investor interest and excitement contributing to the positive market sentiment.

15.07.2024 - AMAT Stock was up 5.6%

• The positive market sentiment surrounding the company's upcoming third-quarter earnings release drove a bullish movement in AMAT's stock today.
• Analysts' anticipate an increase in quarterly earnings from $1.81 to $2.02 per share, likely fueling investor optimism and buying interest in the stock.
• The live earnings call and real-time transcript offered further insights into the company's performance, potentially reassuring investors and attracting more attention to AMAT.
• Despite an ongoing investigation by Kessler Topaz Meltzer & Check, LLP, investors focused on the earnings results and growth potential of Applied Materials, leading to today's market movement without significant impact from the investigation.