Applied Materials Inc. ($AMAT) Stock Forecast: Down 5.9% Today

What is Applied Materials Inc.?

Applied Materials (AMAT) is a leading semiconductor company that provides manufacturing equipment, services, and software to the semiconductor industry. The stock is listed on the NASDAQ exchange.

Why is Applied Materials Inc. going down?

AMAT stock is down 5.9% on Oct 16, 2024 14:40

• Smart money was betting big on AMAT options, with a majority of traders showing bullish tendencies. However, the stock experienced a significant bearish movement.
• AMAT shares plummeted by 10.2% possibly in sympathy with ASML and amid discussions of the U.S. potentially limiting chip exports to certain countries.
• Despite the bullish stance taken by investors in options trading, external factors such as industry-wide declines and geopolitical concerns may have contributed to the bearish movement in AMAT stock.

AMAT Price Chart

AMAT Technical Analysis

AMAT News

Smart Money Is Betting Big In AMAT Options - Applied Mat ( NASDAQ:AMAT )

Financial giants have made a conspicuous bullish move on Applied Mat. Our analysis of options history for Applied Mat AMAT revealed 11 unusual trades. Delving into the details, we found 54% of traders were bullish, while 36% showed bearish tendencies.

https://www.benzinga.com/insights/options/24/10/41357358/smart-money-is-betting-big-in-amat-options

Why Applied Materials ( AMAT ) Stock Is Getting Hammered - Applied Mat ( NASDAQ:AMAT )

Applied Materials, Inc. AMAT shares are trading lower by 10.2% to $192.15 Tuesday afternoon, in possible sympathy with ASML, which fell after issuing soft guidance. Some stocks in the industry may also be down on reports indicating the U.S. is discussing curbing chip exports to some countries.

https://www.benzinga.com/news/24/10/41341455/why-applied-materials-amat-stock-is-getting-hammered

Applied Mat's Options Frenzy: What You Need to Know - Applied Mat ( NASDAQ:AMAT )

Investors with a lot of money to spend have taken a bullish stance on Applied Mat AMAT. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/10/41274190/applied-mats-options-frenzy-what-you-need-to-know

Marjorie Taylor Greene Boosts Stock Portfolio With AI Exposure, Buys JPMorgan And This Hot Magnificent 7 Stock: Here're Congresswoman's Latest Trades - SPDR S&P 500 ( ARCA:SPY )

Rep. Marjorie Taylor Greene ( R-Ga. ) , although not a prolific stock trader like former House Speaker and Congresswoman Nancy Pelosi ( D-Calif ) , is relatively active in churning her portfolio. A filing by the firebrand Republican earlier this week showed that she picked up some key tech stocks ...

https://www.benzinga.com/markets/equities/24/10/41266843/marjorie-taylor-greene-boosts-stock-portfolio-with-ai-exposure-buys-jpmorgan-and-this-hot-magnif

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Applied Materials Inc. Price History

04.08.2024 - AMAT Stock was down 5.1%

• The bearish movement in AMAT's stock today could be due to ongoing investigations by multiple law firms, potentially raising concerns among investors about legal issues or regulatory challenges.
• Furthermore, the recent dip in AMAT's stock price over the past month may be a result of macroeconomic headwinds and escalating U.S.-China tensions impacting the semiconductor industry, leading to a more cautious outlook on the company's future.
• Despite the continued strength in AMAT's services, the overall market sentiment appears to be influenced by legal investigations and external geopolitical factors impacting the semiconductor sector, prompting investors to take a more cautious approach pending further clarity on these issues.

26.08.2024 - AMAT Stock was up 6.8%

• Despite bearish options activity from financial giants and smart money, AMAT stock surged significantly by 4.63%.
• The bullish movement can be attributed to the overall positive sentiment in the semiconductor and chip stocks following a rate cut, boosting growth stocks and rate-sensitive sectors like tech.
• The discrepancy between options activity and the actual stock movement suggests that market sentiment and external factors played a more significant role in driving the stock price today.

19.08.2024 - AMAT Stock was up 5.1%

• AMAT stock surged by 4.63% to $194.75 as semiconductor and chip stocks rallied following a rate cut, boosting growth stocks like tech companies.
• Despite some bearish options activity, the overall sentiment was positive with the stock gaining momentum.
• The announcement of a cash dividend by Applied Materials could have also contributed to the bullish movement, attracting investors seeking income opportunities.
• The combination of favorable market conditions, positive sentiment, and dividend news likely fueled the bullish movement in AMAT stock today.

16.09.2024 - AMAT Stock was down 5.9%

• Smart money was betting big on AMAT options, with a majority of traders showing bullish tendencies. However, the stock experienced a significant bearish movement.
• AMAT shares plummeted by 10.2% possibly in sympathy with ASML and amid discussions of the U.S. potentially limiting chip exports to certain countries.
• Despite the bullish stance taken by investors in options trading, external factors such as industry-wide declines and geopolitical concerns may have contributed to the bearish movement in AMAT stock.

15.09.2024 - AMAT Stock was down 6.9%

• The options frenzy on Applied Mat (AMAT) indicated a bullish stance from investors with significant capital, potentially giving an initial boost to the stock.
• The bearish movement in the market today could be linked to wider market trends or specific negative developments in the semiconductor industry.
• Rep. Marjorie Taylor Greene's stock portfolio adjustments and tech stock picks may have influenced market sentiment, indirectly impacting the bearish movement in AMAT today.

15.09.2024 - AMAT Stock was down 9.3%

• AMAT stock experienced a significant bearish movement, dropping by 10.2% to $192.15, possibly influenced by ASML's soft guidance, which led to a negative sentiment across the industry.
• The discussion around curbing chip exports to certain countries contributed to the downward pressure on semiconductor stocks, including AMAT.
• Despite the bearish trend, there was heightened options activity with investors showing a bullish outlook on AMAT, highlighting a divergence in market sentiment between retail and institutional investors.
• The overall market performance of AMAT today could be attributed to a mix of industry-specific factors like soft guidance from peers and broader geopolitical concerns affecting semiconductor exports.

02.07.2024 - AMAT Stock was down 10.6%

• Applied Materials (AMAT) experienced a strong bearish movement recently.
• The denial of the US CHIPS grant for its $4 billion R&D project in Sunnyvale, California dealt a significant blow to the company's prospects.
• The upcoming Q3 FY2024 earnings webcast may provide further insights into the company's financial performance and future outlook.
• The underperformance of computer and technology stocks compared to Applied Materials this year could also be contributing to the bearish sentiment surrounding the stock.

02.07.2024 - AMAT Stock was down 6.7%

• AMAT shares dropped by 6.5% due to the overall bearish sentiment in semiconductor stocks following Intel Corp's worse-than-expected second-quarter financial results.
• The lack of Chips Act funding for its research and development center was a setback for Applied Materials and impacted investor confidence in the stock.
• The upcoming webcast discussing the third quarter of fiscal 2024 financial results may have heightened uncertainty among investors, leading to further selling pressure.

05.07.2024 - AMAT Stock was up 5.1%

• Analysts foresee increased profitability for Applied Materials (AMAT) despite industry-wide concerns about a potential tech stock correction.
• Initially affected by falling semiconductor stocks following Intel Corp's underwhelming financial performance, Applied Materials quickly recovered.
• The announcement of Applied Materials' Q3 FY2024 earnings webcast likely boosted investor confidence, contributing to the uptrend in the stock.
• In contrast to some underperforming tech stocks this year, Applied Materials continues to demonstrate robust performance, capturing investor attention and fueling the bullish trajectory.

08.07.2024 - AMAT Stock was up 5.7%

• AMAT stock surged despite a slip in the overall market, showcasing resilience.
• The positive earnings report of MKS Instruments (MKSI) in the semiconductor sector likely boosted investor confidence in related companies like AMAT.
• Analysts predicting 'higher profitability' for AMAT could have contributed to the bullish sentiment.
• The overall market crash fears might have led investors to seek refuge in strong AI stocks like AMAT, driving the upward movement.

15.07.2024 - AMAT Stock was up 5.5%

• The positive movement in AMAT stock could be linked to analysts' expectations of a strong performance in the upcoming earnings report, with a projected increase in quarterly earnings per share.
• The buzz around AMAT was further boosted by its mention on a prominent financial program, potentially attracting more investor attention.
• While initial concerns arose due to ongoing investigations by a legal firm, the overall optimism surrounding the earnings report appears to have outweighed these worries.
• The heightened options volatility and anticipated earnings impact for AMAT today may suggest increased investor interest and excitement contributing to the positive market sentiment.

15.07.2024 - AMAT Stock was up 5.6%

• The positive market sentiment surrounding the company's upcoming third-quarter earnings release drove a bullish movement in AMAT's stock today.
• Analysts' anticipate an increase in quarterly earnings from $1.81 to $2.02 per share, likely fueling investor optimism and buying interest in the stock.
• The live earnings call and real-time transcript offered further insights into the company's performance, potentially reassuring investors and attracting more attention to AMAT.
• Despite an ongoing investigation by Kessler Topaz Meltzer & Check, LLP, investors focused on the earnings results and growth potential of Applied Materials, leading to today's market movement without significant impact from the investigation.