Applied Materials ICAPS Strength Is 'On Fire,' Analyst Review Q2 Results, Outlook
Portfolio Pulse from Priya Nigam
Applied Materials (AMAT) reported better-than-expected Q2 earnings, with ICAPS strength offsetting weakness in memory and advanced F/L. Analysts from Needham, Bernstein, and KeyBanc provided mixed ratings and price target updates.
May 19, 2023 | 3:22 pm
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Applied Materials' Q2 earnings exceeded expectations, driven by ICAPS strength. Analysts provided mixed ratings and price target updates, with shares declining by 2.43%.
Applied Materials reported better-than-expected Q2 earnings, driven by ICAPS strength. However, the stock declined by 2.43% due to mixed analyst ratings and price target updates. The short-term impact on the stock price is neutral, as the positive earnings results are offset by the mixed analyst opinions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100