Why Applied Materials (AMAT) Shares Are Falling
Portfolio Pulse from Henry Khederian
Shares of Applied Materials, Inc. (NASDAQ:AMAT) are trading lower by 4.68% due to weak third-quarter and 2023 guidance issued by Taiwan Semiconductor. Applied Materials, a supplier of semiconductor manufacturing equipment, relies on semiconductor companies like TSM for business. A disappointing TSM earnings could indicate weaker demand for semiconductor manufacturing services, potentially impacting Applied Materials' revenue and profitability.
July 20, 2023 | 6:32 pm
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Applied Materials' shares are trading lower due to weak guidance from Taiwan Semiconductor. This could potentially impact Applied Materials' revenue and profitability.
Applied Materials relies on semiconductor companies like Taiwan Semiconductor for business. The weak guidance issued by Taiwan Semiconductor indicates a potential weaker demand for semiconductor manufacturing services, which could lead to reduced capital expenditures and investments in new equipment, thereby impacting Applied Materials' revenue and profitability.
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