Here's Why Applied Materials Stock Is Moving
Portfolio Pulse from Henry Khederian
Applied Materials, Inc. (NASDAQ:AMAT) shares are trading lower by 1.2% amid weakness in semiconductor stocks, possibly due to a drop in Super Micro Computer's stock following its earnings announcement. Despite surpassing analyst estimates for Q2 earnings and sales, Super Micro Computer's projected Q1 adjusted EPS and revenues are below estimated values. Applied Materials has a 52-week high of $153.28 and a 52-week low of $71.12.
August 09, 2023 | 5:08 pm
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Applied Materials' stock is trading lower, possibly due to weakness in the semiconductor sector following Super Micro Computer's earnings announcement and lower-than-expected Q1 projections.
Applied Materials' stock is likely being impacted by the overall weakness in the semiconductor sector, which may be due to Super Micro Computer's earnings announcement and lower-than-expected Q1 projections. As a company in the same sector, Applied Materials' stock can be influenced by sector-wide trends and news.
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