Why Applied Materials Stock Is Trading Down Today
Portfolio Pulse from Ryan Gustafson
Applied Materials, Inc. (AMAT) shares are trading lower, possibly in sympathy with Lam Research Corporation (LRCX), which fell after its first-quarter earnings report. Despite beating analyst consensus estimates, LRCX reported a decrease in earnings and sales compared to the same period last year. AMAT shares were down 4.48% at the time of publication.
October 19, 2023 | 7:26 pm
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NEGATIVE IMPACT
AMAT shares are trading lower, possibly due to LRCX's earnings report.
AMAT shares are trading lower, possibly in sympathy with LRCX, which reported decreased earnings and sales. This suggests that the market may be reacting negatively to the semiconductor and chip sector as a whole.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
LRCX shares fell after its first-quarter earnings report, despite beating analyst consensus estimates.
LRCX shares fell after the company reported decreased earnings and sales compared to the same period last year, despite beating analyst consensus estimates. This suggests that the market had higher expectations for the company's performance.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100