Before considering which semiconductor stocks to buy on the dip, it’s important to understand why chip stocks have been falling since the beginning of July. Consider three intertwined reasons. First, recession concerns are back. The latest job numbers show a tightening labor market, and the July reading on inflation is due the week of August 12. Global markets are starting to believe that the U.S. Federal Reserve won’t be able to cut interest rates quickly enough to prevent a recession. Geopolitical concern ...

Analysts on Wall Street project that Applied Materials (AMAT) will announce quarterly earnings of $2.01 per share in its forthcoming report, representing an increase of 5.8% year over year. Revenues are projected to reach $6.67 billion, increasing 3.8% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a com ...

  Analyst Estimates for Q3 2024 Q2 2024 Q3 2023Revenue $6.69 billion $6.65 billion $6.43 billionDiluted Earnings Per Share $2 $2.06 $1.85Net Income $1.67 billion $1.72 billion $1.56 billion Key Metrics: China Sales Applied Materials will report how much of its sales came from the China market, which could provide investors greater insight into how geopolitical tensions and potentially tighter curbs on exports to China could affect the company. Analysts anticipate revenue for the China region will be $2.3 ...

The semiconductor industry that suffered in 2023 is making a steady recovery this year. The Semiconductor Industry Association (SIA) said on Aug 5 that global semiconductor sales totaled $50.0 billion, up 1.7% month over month from May’s total of $49.1 billion.Semiconductor Sales Rebound on Higher DemandThe report also mentioned that sales totaled $149.9 billion in the second quarter, reflecting an 18.3% year-over-year jump and a 6.5% rise from the first quarter.Regionally, year-over-year semiconductor sale ...

SANTA CLARA, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. will hold a webcast to discuss its third quarter of fiscal 2024 financial results on Thursday, Aug. 15, 2024 at 4:30 p.m. ET / 1:30 p.m. PT. The live webcast will be accessible via the Applied Materials website at: https://ir.appliedmaterials.com. A replay will be available on the same day beginning at 8:00 p.m. ET / 5:00 p.m. PT. About Applied MaterialsApplied Materials, Inc. (NASDAQ:AMAT) is the leader in materials engineering ...

SANTA CLARA, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. will hold a webcast to discuss its third quarter of fiscal 2024 financial results on Thursday, Aug. 15, 2024 at 4:30 p.m. ET / 1:30 p.m. PT. The live webcast will be accessible via the Applied Materials website at: https://ir.appliedmaterials.com. A replay will be available on the same day beginning at 8:00 p.m. ET / 5:00 p.m. PT. About Applied MaterialsApplied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering ...

GERMANY - 2024/04/03: In this photo illustration, an Applied Materials, Inc logo seen displayed on a ... [+] tablet. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesApplied Materials stock has had a solid year thus far, rising by about 31% year-to-date. In comparison, Applied’s semiconductor industry peer Texas Instruments stock has gained about 21% over the same period. Applied is set to report its Q3 FY’24 results around August 15 and ...

Applied Materials’ (AMAT) shares have gained 21.4% in the year-to-date period, outperforming the industry, the Zacks Computer & Technology sector and the S&P 500 index’s returns of 18.1%, 18.2% and 14.7%, respectively.Given the fact that artificial intelligence (AI) has become mainstream in several industries and sectors, the company’s strategic pivot toward the technology has been a major positive. As businesses of different sizes are rushing to boost their operational efficiency with the power of AI, AMAT ...

Applied Materials (AMAT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this maker of chipmaking equipment have returned -18.3%, compared to the Zacks S&P 500 composite's -0.4% change. During this period, the Zacks Semiconductor Equipment - Wafer Fabrication industry, which Applied Materials falls in, has lost 16.7%. The key question now is: What could b ...

The latest trading session saw Applied Materials (AMAT) ending at $205.57, denoting a -0.44% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow saw a downswing of 0.12%, while the tech-heavy Nasdaq appreciated by 0.07%.Coming into today, shares of the maker of chipmaking equipment had lost 12.51% in the past month. In that same time, the Computer and Technology sector lost 4.62%, while the S&P 500 lost 0.21%.The upcoming earnings release of Applied ...