Applied Materials – Charm

Semiconductor stocks keep falling as investors go risk-off, Chinese startup releases powerful new AI model

2 hours ago04 mins

What happened: Semiconductor stocks retreated on Friday. Memory and storage highfliers Micron Technology (MU) and Sandisk (SNDK) stocks dropped more than 2%, and Western Digital (WDC) fell more than 3%. Chipmakers, including Nvidia (NVDA), AMD (AMD), Broadcom (AVGO), Intel (INTC), and Marvell (MRVL), also moved lower. Qualcomm (QCOM) retreated as well. Among semiconductor equipment makers,…

Finance

Wall Street’s top analyst calls

Cs news8 months ago8 months ago06 mins

The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: Baird upgraded Circle Internet (CRCL) to Outperform from Neutral with an unchanged price target of $110. Baird views Circle’s current…

Applied Materials’ shares drop as stringent US export curbs weigh on China business

Cs news8 months ago8 months ago03 mins

By Siddarth S and Kanchana Chakravarty (Reuters) -Applied Materials (AMAT) shares slid 6% before the bell on Friday as the chip equipment maker forecast reduced spending in China next year due to stringent U.‌S. export curbs. The U.S. government has cracked down on foreign companies, especially from ‌China, that use subsidiaries and affiliates to circumvent…

US lawmakers push expanded chip export curbs on China

Cs news9 months ago03 mins

A bipartisan group of American lawmakers is pushing for a “dramatic” expansion of export controls on chip manufacturing equipment to China and alignment from US allies in restrictions, according to a report released on Tuesday. Their efforts come amid concern that US President Donald Trump is compromising national security in pursuit of a trade deal…

Applied Materials Warns of Sales Hit From Latest Curbs on China

Cs news10 months ago03 mins

Technicians at an Applied Materials Inc. facility in Santa Clara, California. (Bloomberg) — Applied Materials Inc., the largest US maker of machinery used to manufacture semiconductors, said an expansion of rules that restrict the export of its products to China will take another chunk out of its revenue. Most Read from Bloomberg The US Commerce…

Opinion | Why US export controls won’t stop China’s AI rise

Cs news11 months ago03 mins

OpenAI CEO Sam Altman has warned that export controls alone are not an effective strategy to curb China’s development of artificial intelligence (AI). He’s absolutely right. China’s rapid ascendancy in the global AI race is becoming increasingly evident, driven by its strategic focus on engineering, application-driven development and alignment with national policy. While the US…

Applied Materials Suffers Worst Rout Since 2020 on China Woes

Cs news11 months ago05 mins

A technician works on a computer at the Applied Materials Inc. facility in Santa Clara, California. (Bloomberg) — Applied Materials Inc. suffered the worst single-day stock decline in five years after giving a disappointing sales and profit forecast, renewing concerns that the US trade dispute with China is weighing on demand. Most Read from Bloomberg…

Applied Materials’ forecast hit by China pause, export‑license woes; shares down 13%

Cs news11 months ago11 months ago03 mins

By Jaspreet Singh (Reuters) -Applied Materials forecast fourth-quarter revenue and profit below estimates on Thursday, citing weak demand in China and erratic orders from customers facing uncertainty due to tariffs, sending its shares down nearly 13% in extended trading. President Donald Trump’s ongoing tariff negotiations and certain export restrictions to China have made it more…

Dow, S&P 500, Nasdaq futures climb as investors await retail data after rate-cut bets cool

Cs news11 months ago11 months ago03 mins

US stock futures were mixed on Friday as Wall Street tempered its rate-cut hopes and awaited July’s retail sales report. Futures attached to the Dow Jones Industrial Average (YM=F) rose around 0.7%. Futures attached to the benchmark S&P 500 (ES=F) were flat and futures attached to the tech-heavy Nasdaq 100 (NQ=F) fell below the flatline….

Apple announces additional $100 billion in US investment, following Trump iPhone tariff threat

Cs news11 months ago11 months ago07 mins

Apple (AAPL) revealed plans to invest an additional $100 billion in US manufacturing commitments during a press event at the White House with President Trump on Wednesday. The move follows Apple’s prior $500 billion investment in US spending, which includes working with partners to build an AI server plant in Texas. Shares of Apple climbed…