The Latest Breaking News from Applied Materials

The stock market is pulling back after big gains, with Fed chief Jerome Powell in "no hurry" to cut rates. Tesla tumbled on a report that Trump may seek to scrap EV credits. Palantir jumped late on a move tot he Nasdaq.

Applied Materials beat Wall Street's targets for its fiscal fourth quarter but offered mixed guidance for the current period. AMAT stock fell.

December S&P 500 E-Mini futures (ESZ24) are up +0.14%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.01% this morning as investors awaited crucial U.S. producer inflation data, remarks from Federal Reserve Chair Jerome Powell, and an earnings report from entertainment giant Disney.

Although Applied Materials has lagged behind the broader market over the past year, analysts remain cautiously optimistic about its future prospects.

Before tightening export controls, U.S. legislators want to learn about sales of American producers of chipmaking tools to China-based entities.

Applied Materials will release its fourth-quarter earnings next month, and analysts expect a single-digit profit surge.

The Republican representative from Georgia just loaded the boat on semiconductor stocks.

With $264.6 billion in 2023 sales, the U.S. semiconductor industry remains the largest on the planet, and this will not change anytime soon.

Micron soared overnight on earnings, lifting key techs. Chinese stock raced higher on hopes of further stimulus.

As Fed Chair Powell might say, the semiconductor sector's recent pullback represents a recalibration rather than the start of a downturn. With foundational support from AI advancements and a stabilizing economy, investors might want to buy the dip on these chip stocks.

While China-based YMTC increases share of domestic tools, it still cannot reject equipment made in Europe and the U.S.