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0 0 0.00100782262321835 -0.00148773815808419 -0.00465518068819887 -0.00134376349762442 -0.0023035945673561 -0.00359936651149398
Stock impact report

Rallying 30% YTD, What's Spurring The Rally In Applied Materials' Stock? [Forbes]

Applied Materials, Inc. (AMAT) 
Last applied materials, inc. earnings: 2/12 04:01 pm Check Earnings Report
Company Research Source: Forbes
screen with an economic stock exchange index graph in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) Applied Materials AMAT stock has had a solid year thus far, rising by over 30% year-to-date and outperforming the broader Nasdaq-100 which gained about 11% over the same period. While the company had a mixed 2023, as the broader semiconductor capital spending remained weak as demand for personal computers, laptops, and smartphones eased following the lifting of Covid-19 lockdowns, there are indicators that things are looking up. The company posted a better-than-expected set of Q1 FY'24 results last month, with revenue coming in roughly flat versus last year at $6.71 billion, and adjusted earnings rising by around 5% to $2.13 per share. Investors likely also believe that the semiconductor downcycle has bottomed out, with memory prices picking up and PC sales poised to improve marginally after declining by nearly double-digit levels in Show less Read more
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