Applied Materials Inc. ($AMAT) Stock Forecast: Down 5.0% Today

What is Applied Materials Inc.?

Applied Materials (AMAT) is a key player in the semiconductor manufacturing industry, known for its diverse portfolio and critical role in the production process. The stock has recently experienced significant growth and is being closely compared to industry giants like ASML.

Why is Applied Materials Inc. going down?

AMAT stock is down 5.0% on Jan 30, 2026 20:42

• Despite positive upgrades and optimistic outlooks from analysts, Applied Materials (AMAT) experienced a strong bearish movement.
• The stock's rapid price increase and high forward P/E ratio may have led to profit-taking by investors, causing the bearish trend.
• The competitive nature of the semiconductor market, coupled with concerns about geopolitical risks and capital cycles, could have also contributed to the downward pressure on AMAT's stock.
• Investors might be reevaluating AMAT's valuation and future growth potential, leading to the bearish market movement despite positive industry tailwinds and analyst recommendations.

AMAT Price Chart

AMAT Technical Analysis

AMAT News

Palo Alto Networks (PANW) stock ticks up after Chronosphere deal closes as traders eye next earnings

Palo Alto Networks (PANW) stock saw a modest increase after officially closing its acquisition of observability firm Chronosphere. Investors are now keenly awaiting the company's upcoming earnings report, expected around February 12th, to gain insight into the integration costs, pricing strategy for observability offerings, and the impact on near-term margin outlook. The acquisition aims to integrate operations monitoring with security, aligning with enterprise demands for fewer vendors and deeper partnerships despite entering a competitive observability market.

https://ts2.tech/en/palo-alto-networks-panw-stock-ticks-up-after-chronosphere-deal-closes-as-traders-eye-next-earnings/

RBC Bullish on Marvell’s (MRVL) Data Center and AI Chip Growth

RBC Capital initiated coverage on Marvell Technology, Inc. (NASDAQ:MRVL) with an Outperform rating and a $105 price target, highlighting the company's strong presence in the data center sector, particularly with its AWS Trainium3 chip contracts and recent acquisition of Celestial. Analyst Srini Pajjuri also noted Marvell's optical division and "underappreciated growth opportunities" in scale-up and custom SmartNICs. Additionally, Marvell recently agreed to acquire XConn Technologies for approximately $540 million, further solidifying its position as a semiconductor development company focused on data centers.

https://www.insidermonkey.com/blog/rbc-bullish-on-marvells-mrvl-data-center-and-ai-chip-growth-1684903/

Is Applied Materials On Its Way To Becoming The Next ASML?

Applied Materials (AMAT) stock has doubled in six months, trading at a 34x forward P/E, leading to comparisons with ASML, an industry monopoly. However, the article argues that AMAT, despite its critical role in semiconductor manufacturing, lacks ASML's irreplaceable monopoly status due to the competitive nature of its diverse portfolio and exposure to capital cycles and geopolitical risks, particularly in China. The company's valuation appears to have outpaced its fundamentals, suggesting that future performance hinges on flawless execution amid these challenges.

https://www.trefis.com/stock/amat/articles/588554/is-applied-materials-on-its-way-to-becoming-the-next-asml/2026-01-30

Mizuho Upgrades Applied Materials (AMAT) to Outperform on Global WFE Tailwinds

Mizuho analyst Vijay Rakesh upgraded Applied Materials (AMAT) to Outperform with a $370 price target, citing robust global Wafer Fab Equipment (WFE) tailwinds. The firm anticipates significant WFE spending growth in 2026 and 2027, driven by increased capital expenditure from TSMC and Intel, and strong demand from high-bandwidth memory. This positive outlook positions AMAT, a leading WFE supplier, to benefit from accelerated ex-China WFE revenues.

https://finviz.com/news/293154/mizuho-upgrades-applied-materials-amat-to-outperform-on-global-wfe-tailwinds

Mizuho Upgrades Applied Materials (AMAT) to Outperform on Global WFE Tailwinds

Mizuho has upgraded Applied Materials (AMAT) to Outperform with a $370 price target, citing robust global Wafer Fab Equipment (WFE) tailwinds. The firm anticipates significant WFE spending growth in 2026 and 2027, driven by increased capital expenditure from TSMC and Intel, and strong demand for high-bandwidth memory. As a leading WFE supplier, AMAT is expected to benefit from these industry trends and accelerating ex-China WFE revenues.

https://uk.finance.yahoo.com/news/mizuho-upgrades-applied-materials-amat-120147701.html

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Applied Materials Inc. Price History

02.00.2026 - AMAT Stock was down 1.1%

• The bearish movement in AMAT's stock today could be attributed to the recent drop in fiscal 2026 revenue caused by new U.S. export curbs, as highlighted in an investor letter.
• The upcoming CES 2026 keynote by AMD CEO Lisa Su and the U.S. jobs report are anticipated events that could impact the semiconductor market sentiment, potentially affecting AMAT's stock performance.
• While the Semiconductor Material Control System (MCS) market is predicted to experience strong growth, the volatility in the semiconductor industry due to various factors like export regulations and market events might have contributed to the bearish movement in AMAT's stock today.

05.00.2026 - AMAT Stock was up 1.7%

• AMAT stock reached an all-time high of $277.89, reflecting strong investor confidence and robust market performance.
• The surge in the stock price can be attributed to the company's consistent growth, with a 59.69% increase over the past year and a 41.41% surge in the last six months.
• Analysts revising earnings estimates upward and the recent announcement of the eighth consecutive year of dividend increases have further fueled investor optimism in AMAT.
• The overall positive sentiment in the semiconductor industry, as indicated by the projected growth in markets like Chemical Vapor Deposition and Semiconductor Packaging, could also be contributing to AMAT's bullish movement.

06.00.2026 - AMAT Stock was up 5.7%

• AMAT stock surged 6.7% to reach a new intraday high, supported by the increasing demand for memory chips driven by artificial intelligence.
• The positive market movement in the chipmaking equipment sector, including gains in companies like KLA Corporation, contributed to this bullish trend.
• Investor optimism was fueled by favorable supply-chain updates, analyst upgrades, and excitement surrounding Nvidia's CES keynote, which emphasized semiconductor factory investments and artificial intelligence hardware requirements.
• Despite potential challenges such as U.S. export restrictions to China and concerns about overvaluation, AMAT's robust performance underscores market confidence in the company's growth potential and industry dynamics.

27.00.2026 - AMAT Stock was up 5.1%

• AMAT stock experienced a strong bullish movement today, likely driven by multiple factors:
• Positive investor sentiment and attention towards the company, with a notable +21.4% return in the last month.
• The inauguration of a new 8.06 lakh square-foot workplace in Bengaluru, emphasizing Applied Materials' commitment to India's semiconductor mission and enhancing its capabilities in R&D and product engineering.
• Analysts' positive outlook on the semiconductor industry as a whole, reflected in the bullish sentiment towards related companies like Lam Research and Seagate Technology Holdings PLC.
• Despite recent insider selling by other companies in the semiconductor sector, the overall bullish trend and growth prospects for AMAT likely overshadowed any concerns, leading to the strong upward movement in the stock price.

27.00.2026 - AMAT Stock was up 5.0%

• Applied Materials (AMAT) experienced a strong bullish movement today, likely driven by positive market sentiment and company-specific developments.
• The announcement of a new 8.06 lakh square-foot workplace in Bengaluru by Applied Materials showcases the company's commitment to expanding its capabilities in R&D and product engineering, which could have boosted investor confidence.
• The overall bullish trend in the semiconductor industry, as evidenced by the performance of Israeli chip equipment stocks and Micron's significant investments in memory chip manufacturing plants, may have contributed to the positive momentum in Applied Materials' stock.
• Analysts' bullish outlook on semiconductor companies and the increasing demand for chips, especially in AI development, further support the positive market movement for Applied Materials.

15.00.2026 - AMAT Stock was up 8.9%

• The reduction in MicroStrategy's price target due to a lowered Bitcoin yield may have indirectly impacted AMAT's bullish movement, as it reflects a cautious sentiment towards companies heavily involved in cryptocurrencies.
• Despite institutional selling from Oversea Chinese Banking Corp Ltd, the overall positive sentiment from analysts and the company's strong financial health likely contributed to AMAT's bullish movement.
• The diverse range of sentiments from analysts on AMAT, coupled with positive market performance despite a general downturn, could have created a favorable environment for the stock to thrive.
• The positive quarterly results reported by KLA, another company in the technology sector, may have also influenced investor optimism towards semiconductor stocks like AMAT.

15.00.2026 - AMAT Stock was up 9.7%

• Applied Materials' stock rating was upgraded to Overweight from Equal-Weight by Barclays. This upgrade was driven by increased capital expenditure due to rising demand from memory and logic chipmakers in the AI sector, propelling the company's stock price upward.
• Analysts have expressed positive views on AMAT, with various favorable ratings and an average 12-month price target of $294.43, supporting the bullish trend.
• The optimistic outlook in the semiconductor capital equipment industry, bolstered by projected steady growth and higher investments in new fabs and high-bandwidth memory for AI applications, likely contributed to the strong performance of Applied Materials' stock today.

15.00.2026 - AMAT Stock was up 9.1%

• Applied Materials (AMAT) stock experienced a strong bullish movement due to multiple analyst upgrades and price target increases, reflecting confidence in the company's growth potential.
• The rise in chip stocks, including Applied Materials, was influenced by a positive investment outlook from Taiwan Semiconductor Manufacturing (TSMC), benefiting the semiconductor sector as a whole.
• Analyst recommendations, emphasizing the company's capacity to address technology complexities and its appealing valuation relative to peers, likely played a role in the positive momentum of Applied Materials stock.
• Despite a slight decline in quarterly revenue year-over-year, the growth in net profit and the company's dedication to enhancing shareholder value through dividend hikes have strengthened investor trust in Applied Materials.

15.00.2026 - AMAT Stock was up 7.0%

• AMAT stock surged 8.2% after Taiwan Semiconductor Manufacturing Co. (TSMC) announced higher capital spending and a strong revenue growth forecast for 2026, benefiting the entire chip equipment sector.
• Analysts responded positively, raising price targets for AMAT, indicating growing confidence in the company's future prospects.
• Barclays upgraded AMAT stock to Overweight, citing expectations of increased capital expenditure driven by AI-related demand, further boosting investor sentiment and driving the stock price higher.
• AMAT's focus on hybrid bonding technology and strong position in the non-lithography wafer fabrication equipment market are key factors driving its growth and market performance.

09.00.2026 - AMAT Stock was up 6.0%

• Several analysts revised their price targets for Applied Materials, with one setting it at $275, reflecting positive sentiment and confidence in the company's performance.
• The stock saw a 4% slide amidst a trend of investors being more selective with tech and AI-linked stocks, possibly indicating profit-taking and a shift in investment focus.
• Market rotation out of the technology sector, influenced by profit-taking and a move into defense stocks following a proposed $1.5 trillion defense budget, impacted various tech companies, including Applied Materials, KLA Corporation, Lam Research, Seagate Technology, and Western Digital.
• Investors should keep an eye on upcoming events such as the U.S. payrolls report and Applied Materials' quarterly results in February for further insights into market dynamics and stock performance.

09.00.2026 - AMAT Stock was up 5.2%

• AMAT experienced a strong bullish movement despite a broader market trend of profit-taking and rotation out of the technology sector.
• The slide in AMAT's stock price was part of a larger trend where investors became more selective with tech and AI-linked stocks after previous gains.
• Despite a price target increase for AMAT, market movement indicates investor caution, with attention shifting towards upcoming events like the U.S. payrolls report and Applied's quarterly results in February.
• The market's response reflects a change in investor interest from high-growth tech stocks, particularly those in artificial intelligence, towards sectors like defense, influenced by broader economic and geopolitical factors.

30.00.2026 - AMAT Stock was down 5.0%

• Despite positive upgrades and optimistic outlooks from analysts, Applied Materials (AMAT) experienced a strong bearish movement.
• The stock's rapid price increase and high forward P/E ratio may have led to profit-taking by investors, causing the bearish trend.
• The competitive nature of the semiconductor market, coupled with concerns about geopolitical risks and capital cycles, could have also contributed to the downward pressure on AMAT's stock.
• Investors might be reevaluating AMAT's valuation and future growth potential, leading to the bearish market movement despite positive industry tailwinds and analyst recommendations.