Applied Materials Inc. ($AMAT) Stock Forecast: Down 5.2% Today

What is Applied Materials Inc.?

Applied Materials (AMAT) is a leading company in the semiconductor industry, providing technology for semiconductor manufacturing. Despite being up over 30% year-to-date, the stock experienced a strong bearish movement today.

Why is Applied Materials Inc. going down?

AMAT stock is down 5.2% on Jul 30, 2024 16:56

• Marjorie Taylor Greene's recent purchase of AMAT stock might have initially sparked investor interest, but the market movement today suggests a shift in sentiment.
• The overall semiconductor sector, including AMAT, is facing downward pressure due to concerns over potential China restrictions and recent earnings reports in the industry.
• Despite AMAT's strong performance year-to-date, the bearish movement today could be a result of profit-taking by investors or a broader market correction in the semiconductor sector.
• Investors should monitor how regulatory developments and industry trends continue to impact AMAT's stock performance in the near future.

AMAT Price Chart

AMAT News

Marjorie Taylor Greene Doubles Down on AI Boom With New Buys

Georgia Rep. Marjorie Taylor Greene has been on a roll this year. In 2024, she has already placed trades worth $1.97 million, of which $1.91 million were buys. This marks her most active year since taking office in 2021 by a wide margin. Since 2021, her trades have totaled $3.58 million. Greene recently disclosed several trades of companies that can be classified as artificial intelligence (AI) beneficiaries. This is notable because she is a member of the Subcommittee on Cybersecurity, Information Technology, and Government Innovation. The first is Applied Materials (NASDAQ:AMAT), which is up by over 30% year-to-date (YTD). The company can be thought of as a pick-and-shovel play for the semiconductor industry, as it creates technology for semiconductor manufacturing. Greene picked up between $1,001 and $15,000 of AMAT stock on July 24. Next up is Dell Technologies (NYSE:DELL), which provides personal computers, server equipment and data storage. On the same day, Greene purchased between $1,001 and $15,000 of DELL.

https://investorplace.com/2024/07/marjorie-taylor-greene-doubles-down-on-ai-boom-with-new-buys/

Applied Materials ( AMAT ) Stock Sinks As Market Gains: Here's Why

Applied Materials (AMAT) closed at $205.57 in the latest trading session, marking a -0.44% move from the prior day.

https://www.zacks.com/stock/news/2311336/applied-materials-amat-stock-sinks-as-market-gains-heres-why

ASML Holding Gains 13.9% YTD: What Should You Do Now? - Applied Mat ( NASDAQ:AMAT ) , ASML Holding ( NASDAQ:ASML )

ASML Holding's ASML shares have gained 13.9% year to date, underperforming the industry's return of 16.8% and the Zacks Computer & Technology sector's growth of 17.2%. This modest gain came amid a challenging macroeconomic environment.

https://www.benzinga.com/news/earnings/24/07/39991426/asml-holding-gains-13-9-ytd-what-should-you-do-now

3 Hidden Stocks Ready to Explode Into Trillion-Dollar Giants

Certain companies rise above the rest in the technology sector, quietly positioning themselves as trillion-dollar companies with explosive growth. Here, the focus is on the secrets of three such hidden titans. These industry leaders showcase exceptional market dominance, technological leadership, and strategic foresight, which make them prime candidates for massive valuation expansion. Understanding these companies’ fundamentals and market positions is vital to identifying high-potential opportunities. The first company is a leader in materials engineering processes for advanced logic and transistor technology. It stands at the forefront of a major market shift with the transition to gate-all-around transistors. The second company is a global semiconductor and telecommunications powerhouse. It derives substantial revenue growth and diversification through its cutting-edge AI and 5G advancements. Meanwhile, the third company is a titan in enterprise resource planning solutions. This demonstrates solid growth in cloud revenue and backlog, marking its successful transition to cloud-based services.  In short, exploring these companies’ unique strengths and market strategies explains why they may become the future trillion-dollar giants.

https://investorplace.com/2024/07/3-hidden-stocks-ready-to-explode-into-trillion-dollar-giants/

Why Applied Materials ( AMAT ) Stock Is Getting Hammered - Applied Mat ( NASDAQ:AMAT )

Applied Materials, Inc. AMAT shares are trading lower by 4.75% to $209.22 Wednesday afternoon. Shares of semiconductor stocks are trading lower amid recent earnings in the sector and concerns over potential China restrictions.

https://www.benzinga.com/news/24/07/39939215/why-applied-materials-amat-stock-is-getting-hammered

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Applied Materials Inc. Price History

30.06.2024 - AMAT Stock was down 5.2%

• Marjorie Taylor Greene's recent purchase of AMAT stock might have initially sparked investor interest, but the market movement today suggests a shift in sentiment.
• The overall semiconductor sector, including AMAT, is facing downward pressure due to concerns over potential China restrictions and recent earnings reports in the industry.
• Despite AMAT's strong performance year-to-date, the bearish movement today could be a result of profit-taking by investors or a broader market correction in the semiconductor sector.
• Investors should monitor how regulatory developments and industry trends continue to impact AMAT's stock performance in the near future.

24.06.2024 - AMAT Stock was down 6.3%

• The bearish movement in Applied Materials (AMAT) can be attributed to the following factors:
• Concerns over potential China restrictions in the semiconductor sector have weighed on investor sentiment, leading to a sell-off in AMAT shares.
• The overall bearish trend in semiconductor stocks, as evidenced by the broader market decline, has further exacerbated the negative movement in AMAT.
• Despite being a highly watched stock with bullish options trading trends, the near-term performance of AMAT seems to have been impacted by the prevailing market conditions and sector-specific challenges.

24.06.2024 - AMAT Stock was down 5.1%

• Applied Materials (AMAT) witnessed a -1.71% decline in its stock price, aligning with the prevailing bearish sentiment in the AI chip industry.
• The downturn in AI chip stocks, including AMAT, was influenced by geopolitical factors, potentially leading to investor uncertainty and selling pressure.
• Despite the negative market movement, there are positive trends in bullish options trading for AMAT, suggesting some investors maintain confidence in the stock's future performance.
• Suggestions to diversify into ETFs to safeguard portfolios amid anticipated market corrections indicate a cautious stance towards tech stocks like AMAT amidst current market volatility.

18.06.2024 - AMAT Stock was down 5.5%

• AMAT stock declined by 7% following speculations about potential export limitations to China under the Biden administration, along with geopolitical tensions escalated by remarks made by Donald Trump.
• The overall dip in tech stocks and shifting market preferences also influenced the negative movement in AMAT shares.
• Pessimism surrounding chip stocks like ASML, Nvidia, and TSMC further weighed on the performance of AMAT's stock.
• The ambiguity regarding potential restrictions on exporting essential chipmaking equipment to China heightened investor unease, contributing to the considerable decrease in AMAT's stock value.

17.06.2024 - AMAT Stock was down 9.5%

• AMAT stock plummeted by 7% to $228.61 as part of a broader decline in semiconductor stocks, triggered by reports of potential further China restrictions by President Biden and comments from Donald Trump.
• The global tech sector, including semiconductor companies like AMAT, faced pressure as the Biden administration considers imposing severe restrictions on companies dealing with China, impacting stock prices negatively.
• The market sentiment towards AMAT was also influenced by the overall tech sell-off, with various tech giants such as AAPL, NVDA, TSLA, AMD, and MSFT all experiencing declines, contributing to AMAT's bearish movement.
• Despite the broader market challenges, AMAT's stock price closed slightly higher at $245.84, indicating some resilience amidst the overall downward trend in the semiconductor industry.

17.06.2024 - AMAT Stock was down 8.0%

• AMAT stock plummeted by 7% to $228.61 as there were indications of potential China restrictions by President Biden, causing a negative impact on several semiconductor stocks.
• The global tech stocks, including AMAT, tumbled further due to concerns over a fresh China chip trade crackdown, leading to a broader sell-off in the market.
• Despite unusual bullish options activity, AMAT failed to sustain its recent gains, closing behind the market at $245.84.
• The Semiconductor Assembly Equipment market is projected to grow significantly, but AMAT's stock price was not able to capitalize on this potential, possibly due to the prevailing market uncertainties surrounding China trade policies.

17.06.2024 - AMAT Stock was down 5.9%

• AMAT stock experienced a bearish movement as global tech stocks tumbled due to concerns over a fresh China chip trade crackdown, impacting companies like ASML.
• The unusual options activity on AMAT showed a mix of bullish and bearish sentiment among investors, indicating uncertainty in the market.
• Despite a slight increase in stock price recently, AMAT fell behind the overall market performance, reflecting the challenges faced by the company in a volatile tech environment.
• The stock's performance needs to be closely monitored as it navigates through industry-specific challenges and broader market trends impacting semiconductor companies.

11.06.2024 - AMAT Stock was down 5.0%

• Unusual options activity showing a bearish stance on AMAT might have influenced investor sentiment and contributed to the bearish movement.
• Despite surpassing market returns recently, the negative options activity could have outweighed this positive performance.
• The overall positive sentiment in the tech sector, including gains in other semiconductor stocks like Micron Technology, did not seem to positively impact AMAT's performance.
• Highlighting underpriced semiconductor stocks may have diverted investor attention away from AMAT, leading to the bearish movement despite the positive industry outlook.

11.06.2024 - AMAT Stock was down 5.0%

• The bearish movement in AMAT today could be attributed to the recent unusual options activity indicating a bearish stance taken by investors with significant capital.
• Recent discussions about undervalued semiconductor stocks may have diverted attention away from AMAT, causing a decrease in demand for its shares.
• The focus on undervalued semiconductor stocks suggests that investors might be looking for more lucrative opportunities, leading them to sell off AMAT shares.
• The overall sentiment in the semiconductor industry, with investors seeking hidden gems in the market, might have contributed to the downward pressure on AMAT's stock price.

05.05.2024 - AMAT Stock was up 6.2%

• Upgrades from financial analysts led to increased investor confidence in Applied Materials and KLA Corp.
• Positive investor sentiment was reflected in bullish options trends for Applied Materials.
• Speculation on Applied Materials' potential earnings growth, especially in artificial intelligence, attracted more investors.
• Dell's stock decline, related to AI server backlog issues, may have prompted investors to consider alternatives like Applied Materials in the semiconductor sector.

05.05.2024 - AMAT Stock was up 5.2%

• Investors with substantial capital have taken a bullish stance on AMAT, as evidenced by the options history.
• Anticipated substantial earnings growth, notably in the AI sector, is likely contributing to investor optimism.
• The bullish movement in AMAT might have been further boosted by a competitor's underperformance in the AI server business, potentially redirecting investor interest towards AMAT's promising prospects in the semiconductor industry.

31.04.2024 - AMAT Stock was down 2.0%

• The bearish movement in AMAT's stock today could be attributed to the surge in bearish options activity by high-rolling investors.
• Dell's AI server backlog missing expectations may have negatively impacted the semiconductor industry sentiment, leading to a broader sell-off in related stocks like AMAT.
• The insider sale of 20,000 shares by AMAT's CFO could have also contributed to the downward pressure on the stock as it may signal lack of confidence or future concerns.
• Overall, the combination of negative industry sentiment due to Dell's performance and the increase in bearish options activity on AMAT could have driven the bearish movement in the stock today.

17.03.2024 - AMAT Stock was down 5.1%

• The bearish movement in AMAT stock today could be attributed to the broader market sentiment and concerns about inflation and interest rate cuts.
• The positive news surrounding Alphabet's efforts to boost YouTube and Garmin's expansion in Europe may have diverted investor attention away from semiconductor stocks like AMAT.
• Powell's comments on the semiconductor industry, without admitting fault, might have created uncertainty and led to a sell-off in semiconductor-related stocks like AMAT.
• The focus on inflation-proof stocks in market updates could have shifted investor preferences away from semiconductor stocks, impacting AMAT's performance negatively.