What's Going On With Applied Materials Stock?
Portfolio Pulse from Henry Khederian
Applied Materials, Inc. (NASDAQ:AMAT) shares are trading lower due to concerns about inflation, rate hikes, and potential restrictions on Chinese companies accessing American AI chips. These factors could lead to a broader sell-off in the stock market and disrupt the global semiconductor supply chain, negatively impacting Applied Materials' revenue and stock price.
October 13, 2023 | 6:16 pm
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Applied Materials' stock price is dropping due to inflation and rate hike concerns, as well as potential restrictions on Chinese companies accessing American AI chips. This could disrupt the global semiconductor supply chain and negatively impact their revenue.
The news directly mentions Applied Materials and discusses factors that could negatively impact their stock price. Inflation and rate hike concerns could lead to a broader sell-off in the stock market, and potential restrictions on Chinese companies accessing American AI chips could disrupt the global semiconductor supply chain, both of which could negatively impact Applied Materials' revenue and stock price.
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