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.

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

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

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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.