Applied Materials is a leading provider of equipment, services, and software for the semiconductor and display manufacturing industries
The company specializes in a range of technologies that enable the fabrication of advanced materials and components, crucial for powering devices such as smartphones, tablets, and computers. Through its innovative solutions, Applied Materials helps manufacturers improve their production processes, enhance the performance of their products, and drive advancements in electronics, renewable energy, and other high-tech sectors. The company's commitment to research and development positions it at the forefront of the ever-evolving landscape of materials engineering and chip manufacturing.
The Canadian mining company announced that it made an application with the U.S. Department of Commerce for exploration licenses and permits to extract resources from the ocean floor.
The company said its CIGS PV modules have been certified as capable of receiving beamed power. This method uses electromagnetic waves to transmit energy through space.
Jefferies also expects Applied Materials to gain from being one of the leading beneficiaries of a demand recovery in the dynamic random access memory segment.
Shares of Applied Materials are trading lower by 1.2% during Thursday's session. The stock has been volatile this week following the Trump administration's decision to tighten export controls on Chinese technology firms.
Wall Street closed mixed on Friday, with the S&P 500 managing to break a four-week losing streak despite persistent concerns over tariffs, economic uncertainty, and tech sector weakness.
Lynch preferred companies with low P/E ratios relative to growth, manageable debt, and strong profitability. In this analysis, we see if APPLIED MATERIALS INC (NASDAQ:AMAT) fits his winning formula.
This is in addition to the previous share buyback authorization, which still has $7.6 billion remaining, the company said, noting that it is working to deliver value to its shareholders.
