1 Chip Stock Secretly Playing A Massive Role In AI Development [Yahoo! Finance]
Applied Materials, Inc. (AMAT)
Last applied materials, inc. earnings: 2/12 04:01 pm
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US:NASDAQ Investor Relations:
appliedmaterials.com/company/investor-relations
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Source: Yahoo! Finance
And all of this comes in the middle of a downturn for Lam's segment of the semiconductor market. What gives? Lam, along with its chip manufacturing equipment peers like ASML Holding and Applied Materials , is benefiting from nations across the globe funneling incentives toward domestic semiconductor production. In addition to this, artificial intelligence (AI) systems like those from Nvidia are putting heftier performance demands on chips. Lam is a key provider of the advanced equipment needed to make these AI systems. Investors have begun to catch on to the opportunity and have thus driven Lam stock higher. But as an under-followed AI development company, Lam could still have a lot to gain in the coming years. Here's why. Help wanted: memory and logic chips Lam recently reported financial results for its March 2024 quarter, and on the surface, it didn't appear all that good. Revenue was down 2% year-over-year to $3.79 billion, though earnings per share (EPS) did rally 22% fro
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AMAT
News
- Applied Materials (AMAT) Q2 Earnings & Revenues Top Estimates [Yahoo! Finance]Yahoo! Finance
- Applied Materials, Inc. (NASDAQ: AMAT) had its price target raised by analysts at Raymond James from $225.00 to $235.00. They now have an "outperform" rating on the stock.MarketBeat
- Applied Materials, Inc. (NASDAQ: AMAT) had its price target raised by analysts at B. Riley from $250.00 to $255.00. They now have a "buy" rating on the stock.MarketBeat
- Applied Materials, Inc. (NASDAQ: AMAT) had its price target raised by analysts at JPMorgan Chase & Co. from $230.00 to $240.00. They now have an "overweight" rating on the stock.MarketBeat
- Applied Materials earnings reveal AI chip demand [Yahoo! Finance Canada]Yahoo! Finance Canada
AMAT
Earnings
- 5/16/24 - Beat
AMAT
Sec Filings
- 5/16/24 - Form 8-K
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- AMAT's page on the SEC website