{"id":50256,"date":"2023-08-18T19:46:09","date_gmt":"2023-08-18T23:46:09","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/applied-materials-stock-rises-expect-tailwinds-from-china-says-analyst\/"},"modified":"2023-08-18T19:46:11","modified_gmt":"2023-08-18T23:46:11","slug":"applied-materials-stock-rises-expect-tailwinds-from-china-says-analyst","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=50256","title":{"rendered":"Applied Materials Stock Rises. Expect Tailwinds From China, Says Analyst."},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n
<\/div>\n<\/figure><\/div>\n

\n Applied Materials,<\/span>
\n a semiconductor maker whose clients include
\n Intel
\n (ticker: INTC) and
\n Taiwan Semiconductor Manufacturing
\n (TSM), saw its stock rise Friday, in part on resilient demand in China.<\/p>\n

That may give hope to the company\u2019s peers as China experiences a bumpy economic slowdown.
\n Applied Materials
\n (AMAT) shares were up 3% in premarket trading after beating estimates on earnings and provided better-than-expected guidance after the bell on Thursday.
\n Broadcom
\n (AVGO) rose 0.3%.
\n Qualcomm
\n (QCOM) was down 0.1%<\/p>\n

\n

Semiconductor stocks are in a tug of war between forces pulling them in opposite directions. Optimism surrounding artificial intelligence is supporting companies that can capitalize on it. On the other hand, China\u2019s woes and the lingering slump in demand for technology products since the end of the Covid-19 pandemic can pull chip stocks down.<\/p>\n

Analysts at KeyBanc led by Steve Barger raised their estimates for Applied Materials earnings after the report yesterday, but kept their Sector Weight rating on the stock. Shares have already added 41% this year. The company said it sees more growth in products related to AI and the Internet of Things.<\/p>\n

\u201cAMAT\u2019s strong guidance is a function of its exposure to the more resilient sectors of the semi-cycle including ICAPS (Internet of Things, automotive, power, and sensors) and China, and expected gross margin tailwinds from the latter,\u201d KeyBanc said.<\/p>\n

Write to Brian Swint at brian.swint@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Applied Materials, a semiconductor maker whose clients include Intel (ticker: INTC) and Taiwan Semiconductor Manufacturing (TSM), saw its stock rise Friday, in part on resilient demand in China. That may give hope to the company\u2019s peers as China experiences a bumpy economic slowdown. Applied Materials (AMAT) shares were up 3% in premarket trading after beating […]<\/p>\n","protected":false},"author":1,"featured_media":50257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-50256","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nApplied Materials Stock Rises. 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