Why Applied Materials (AMAT) Stock Is Getting Hammered
Portfolio Pulse from Henry Khederian
Applied Materials (AMAT) shares fell by 10.2% due to ASML's downgraded 2025 sales outlook and potential US chip export restrictions. ASML's guidance raised concerns about a slower recovery in key markets, impacting AMAT's revenue prospects as both companies are crucial in the semiconductor supply chain.
October 15, 2024 | 5:51 pm
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Applied Materials shares dropped 10.2% due to ASML's downgraded sales outlook and potential US chip export restrictions. This impacts AMAT's revenue prospects as both companies are key players in the semiconductor supply chain.
AMAT's stock is directly affected by ASML's revised sales guidance, which signals a potential slowdown in the semiconductor market. As a major supplier in this industry, AMAT's future revenue is at risk, leading to a significant drop in its stock price.
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