China is pulling back on purchases of semiconductor manufacturing equipment -- and KLA sells nearly as much stuff to China as Applied does. An earnings warning from Applied Materials just spooked KLA stock investors.

Applied Materials Inc. suffered the worst single-day stock decline in five years after giving a disappointing sales and profit forecast, renewing concerns that the US trade dispute with China is weighing on demand.

Applied Materials is likely to continue seeing a higher proportion of advanced equipment, fueled by applications like generative AI and the transition

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Applied Materials' diversified portfolio, resilient growth and lower valuation give it the edge over Lam Research in the AI-driven chip boom.

Shares of Applied Materials Inc (NASDAQ: AMAT) tanked despite upbeat fiscal Q3 results. BofA downgraded, Goldman Sachs reiterated buy, Needham kept buy.

U.S. stock futures edge higher as Dow leads on health-care surge, tech lags behind- U.S. stock futures were mixed early Friday, signaling a cautious but upward-tilted open for Wall Street after a week that tested investor nerves with hotter-than-expected inflation data and a flurry of corporate earnings surprises.