Why Applied Materials Stock Is Moving
Portfolio Pulse from Henry Khederian
Applied Materials, Inc. (NASDAQ:AMAT) shares rose by 1.44% following strong earnings from TSMC, which reported a 39% revenue increase. As a key supplier to semiconductor manufacturers like TSMC, Applied Materials is expected to benefit from increased demand for advanced chips, particularly in AI and smartphones.
October 17, 2024 | 3:38 pm
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Applied Materials shares increased by 1.44% due to positive sentiment in the semiconductor industry following TSMC's strong earnings. As a supplier of semiconductor manufacturing equipment, AMAT is poised to benefit from increased demand for advanced chips.
TSMC's strong earnings and increased demand for advanced chips positively impact AMAT, a key supplier of semiconductor manufacturing equipment. The rise in AMAT's stock reflects investor optimism about future demand for its products.
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