AMAT Stock Recent News

Applied Materials' profits and cash flow have surged in recent years, providing fuel for share buybacks. The company authorized $10 billion for share buybacks in early 2023.

Broad market indexes are down about -5% over the last couple of weeks, and some market participants are already anticipating the worst outcomes. But is there really something terrible on the horizon, or is this just a garden variety pullback?

Shares are moving tentatively higher as the sector struggles to turn around a bad week.

Buy rating recommended for Applied Materials as the worst of the semiconductor downcycle is over and growth is expected to accelerate. Strong growth catalysts like high-bandwidth memory and gate-all-around technology will support AMAT's growth. AMAT's recurring revenue stream from service agreements enhances its resilience, although there is a risk of dependence on Chinese customers.

Earnings season has arrived, with a plethora of companies schedule to unveil quarterly results in the coming days. And concerning positive surprises, all three of these companies could deliver just that.

Applied Materials (AMAT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

NPSNY, UBER and AMAT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 16, 2024.

Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.

TCMD, QUAD, YPF, AMAT and PTLO have been added to the Zacks Rank #1 (Strong Buy) List on April 16, 2024.

The March CPI report left investors with a sour taste. The index soared for the third consecutive month, with a 3.50% year-over-year (YOY) increase that surpassed analyst expectations and represented a 30 basis point increase from last month.