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Applied Materials works with the largest companies that are fueling AI expansion.
ROK, AMAT, and BBCP made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 2, 2026.
Michael Burry shorted Caterpillar after its AI-linked rally pushed shares to an all-time high.
June didn't pan out as a great month of the year for most S&P 500 investors. But some stocks absolutely rocked.
Investing.com -- The Wednesday selloff in U.S. chip shares extended into Thursday’s premarket trading as lofty valuations and heavy AI spending by tech companies weigh on investor sentiment.
Shares of semiconductor machinery manufacturer Applied Materials (NASDAQ:AMAT) fell 11.2% in the afternoon session after the company was caught in a broader sell-off among semiconductor stocks as investors took profits following a record-breaking first half for the sector.
In the latest trading session, Applied Materials (AMAT) closed at $650.91, marking a -9.97% move from the previous day.
Michael Burry, famous for his prescient bets against the housing bubble, unveiled bearish positions on Tesla Caterpillar semiconductor manufacturer Applied Materials and an ETF tracking chip makers. Burry said that plans by two of South Korea’s largest tech companies to build a chip hub set off fresh alarm bells about whether the massive sums of money being poured into AI can ever pay off. The PHLX Semiconductor Index, which is tracked by the ETF that Burry is betting against, fell 6.3%.
(Bloomberg) -- Caterpillar Inc. stock slid from a record high Wednesday after Michael Burry, made famous in The Big Short for his bets against the US housing market ahead of the 2008 crisis, said he shorted the industrial heavyweight for the first time. Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerSpaceX IPO Left Mirae With No Shares on MisunderstandingTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsDemocratic Socialist Ousts 15-Term House Incumb
The price target increase by Susquehanna on Teradyne shows the firm's stronger expectations for semiconductor equipment spending and AI-driven demand for advanced chip testing.
Tesla, Caterpillar, Applied Materials and an ETF of chip stocks are in the idiosyncratic investor’s crosshairs.
LRCX's AI-fueled demand for advanced memory, foundry and packaging tools could push Q4 gross margin above 50% for the first time.
US stock futures are pointing lower on the first of July after Wall Street rounded off its best quarter since 2020, with investors exercising some caution before jobs data and a speech from new Federal Reserve Chair Kevin Warsh. Nasdaq futures were down 0.4%, while Dow Jones and S&P 500...
The iShares Semiconductor ETF (NASDAQ:SOXX) has had one of the most violent round trips in its history. SOXX is up 96% year to date and 148% over the past 12 months, yet it just shed almost 8% in a single week, closing near $590. That whipsaw, triggered by Broadcom’s softer AI chip sales forecast and ... This Semiconductor ETF’s 96% Gain Hinges on a Single $1 Trillion Question
7.44am: ABF warns on sugar losses Associated British Foods has warned that weaker sugar trading will hit profits this year, while Primark saw mixed sales in the third quarter. The FTSE 100 group's CEO George Weston says: "Aside from Sugar, our full year outlook for the group is...
Applied Materials stock has delivered a very strong run, yet its latest checks point to an expensive valuation. This puts the recent rally under the spotlight for investors trying to judge what is already priced in. Over the past 5 years, Applied Materials has returned about 451.3%, which means a lot of long-term value creation is already reflected in the share price. Expectations tied to AI-driven chip equipment demand can support rich earnings and cash flow assumptions, while heavy...
“The Big Short” investor is strongly bearish on semiconductor stocks and believes they are set for a 30% correction.
Global shares were mixed on Wednesday as uncertainty persisted over conflict in the Middle East and access to the crucial Strait of Hormuz despite an initial deal to end the U.S.-Iran war. France's CAC 40 declined 0.3% in early trading to 8,379.92, while the German DAX added 0.3% to 25,069.53. Britain's FTSE 100 dipped 0.1% to 10,484.53.
Burry said he shorted Tesla at $416.22 ahead of its Q2 delivery report, saying he was “happy it jumped back to this level.”
Investing.com -- Michael Burry, "Big Short" fame investor disclosed on Tuesday that he has opened a new short position against Elon Musk's Tesla, saying he sold the stock short at $416.22 as part of a broader wave of bearish bets against companies tied to artificial intelligence and semiconductors.
KLA Corporation (NASDAQ: KLAC) is the standout mover, currently trading up 9.28% at $304.23, just below its 52-week high of $304.42. Applied Materials (NASDAQ: AMAT) is up 6.02% at $736.46, having touched a fresh 52-week high of $739.32 intraday. Lam Research (NASDAQ: LRCX) is gaining 5.86% at $435.00, within pennies of its 52-week peak of $436.06. ASML Holding (NASDAQ: ASML), the world’s sole maker of extreme ultraviolet lithography machines and an essential supplier for any new fab constructio
Applied Materials didn't need to release earnings to add billions in value; all it took was a single Wall Street firm changing its tune.
After a historic run, the biggest threat to the chip-equipment giant isn't a lack of demand but the immense difficulty of executing flawlessly when expectations are this high.
AMAT has been one of the hottest stocks in the tech sector, climbing to fresh all-time highs of $739 a share in Tuesday's trading session, and has now rallied nearly 200% year to date.
At $278.39, KLA (KLAC) is being priced to deliver 21.9% revenue growth annually for the next 6 years simply to defend today's 78.0x multiple. That is a meaningful acceleration from the 13.4% the business is currently growing at. The multiple is asking for more than just continuity.