Applied Materials Impacted by US Restrictions
"Applied Materials taking it on the chin this morning ... announced that it's going to take a $600 million hit to revenue due to new US government restrictions."
— Nathan Hager / Dan Curtis
The discussion highlights that Applied Materials (AMAT) will suffer a significant revenue hit of $600 million because of expanded US government restrictions intended to block sanctioned companies from obtaining restricted goods. The commentary implies a negative near-term outlook for the company as part of a broader semiconductor equipment impact.
Company CommentaryBearish Medium ConvictionScore: 8.0
Company Opinion •Stock Movers • 23 days ago