35 AI News and Ratings You Should Not Miss

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18. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Holders: 77

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, services, and software for the semiconductor industry. Market research firm Hedgeye on October 15 named the company as a new short idea with the potential for 22%-32% downside. In a research note, Hedgeye analyst Felix Wang wrote that management often touts their 4-tier growth strategy – semi < fab < AMAT semi < AGS growth – but Hedgeye tested their conclusions and found it may not look as good as it seems. Wang argued that WFE may only grow 2% and 1% in 2025 & 2026, respectively, while the Street estimates 8%-10% growth for 2025 and 5%-10% growth for 2026. Wang further added that from a financial comparison, AMAT actually looked the worst among its peers in several categories, and market share losses for AMAT were also a possibility.

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