Applied Materials Stock Tanks Despite Q3 Beat, Semiconductor Strength
AMAT shares tanked after strong Q3 results. JPMorgan and Needham analysts maintain Overweight/Buy ratings on record Semi System growth.
Applied Materials had great sales numbers this quarter, but the stock price went down anyway—sometimes that happens when people's hopes were even bigger. When you see a company do well but the stock drops, watch if smart investors still believe in it, because that tells you if they think it's just a temporary dip.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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