What's Going On With Applied Materials Stock?
Portfolio Pulse from Henry Khederian
Applied Materials, Inc. (NASDAQ:AMAT) shares are trading slightly higher at $191.48, marking a 4.4% gain over the past week. Investors are anticipating the company's third-quarter earnings report, expected to show EPS of $2.02 on revenue of $6.673 billion. Key areas of growth include AI, IoT, electric vehicles, and clean energy. The company previously reported strong second-quarter results and significant cash returns to shareholders.
August 12, 2024 | 3:34 pm
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Applied Materials shares are trading higher ahead of its third-quarter earnings report, with expectations of EPS of $2.02 on revenue of $6.673 billion. The company has shown strong performance in the second quarter and is focusing on growth areas like AI, IoT, electric vehicles, and clean energy.
The anticipation of the third-quarter earnings report and the company's strong performance in the second quarter are likely driving the stock price higher. The focus on high-growth sectors like AI, IoT, electric vehicles, and clean energy further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100