Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California.

Applied Materials выглядит как качественный бизнес с сильной рентабельностью, но рынок уже закладывает в цену очень высокий уровень ожиданий. Рентабельность капитала и активов заметно выше отраслевой медианы: ROE 38.9%, ROA 22.12% и ROI 30.03% указывают на очень эффективное использование капитала. Маржинальность тоже сильная: чистая маржа 27.78% и операционная маржа 28.16% существенно выше медианы сектора, а gross margin около 48.7% стабилен и не ухудшается. При этом выручка и прибыль остаются крупными и в целом устойчивыми, а чистая прибыль TTM 2.03 млрд и операционный доход 1.83 млрд подтверждают высокое качество бизнеса. Баланс выглядит комфортно: current ratio 2.71 и quick ratio 1.94 говорят о хорошей ликвидности, а debt/equity 0.30 — о умеренной долговой нагрузке. Однако долгосрочный долг за период вырос, что немного ухудшает профиль риска, хотя пока не выглядит критично. Главный сдерживающий фактор — оценка: P/E 38.18, P/S 9.19, P/B 14.46 и P/FCF 52.49 сильно выше отраслевых медиан, то есть рынок платит премию за качество и устойчивость. Динамика мультипликаторов также показывает, что после более низких уровней они заметно расширились, а это повышает риск локальной переоценённости. EPS TTM высокий, но прогнозный EPS ниже текущего, что намекает на более сдержанные ожидания по ближайшему году. Дивидендная доходность практически отсутствует, поэтому инвестиционный кейс почти полностью строится на росте прибыли и переоценке, а не на денежном потоке для акционера. В сумме фундаментал сильный, но из-за дорогой оценки и отсутствия дивидендной поддержки потенциал апсайда выглядит ограниченным. Для инвестора это скорее история высокого качества с премией в цене, чем явная недооценка.

Applied Materials, Inc.

Сильный индекс, без изменений. Быки в растерянности.

Strong index, flat. The bulls are confused.

Слабый индекс, значительно упал. Медведи сохранили, но резко ослабили уверенность в своих позициях.

Weak index, significantly down. The bears retained but sharply weakened their confidence in their positions.

Сильный индекс, без изменений. Рынок на стороне быков.

Strong index, flat. The market is on the bulls' side.

Сильный индекс, без изменений. Рынок не поддерживает медведей.

Strong index, flat. The market does not support the bears.

Средний индекс, незначительно упал. Приток средств в лонги снизился, но остается положительным.

Medium index, slightly down. The inflow of funds into longs has decreased, but remains positive.

Сильный индекс, незначительно вырос. Отток средств из шортов на высоком уровне.

Strong index, slightly up. Outflow of funds from shorts at a high level.

Сильная рентабельность и ликвидность AMAT поддерживают качество бизнеса, но очень высокие мультипликаторы и слабая дивидендная доходность ограничивают апсайд.

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Applied Materials (AMAT), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Applied Materials currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
Let's discuss some of the components of the Momentum Style Score for AMAT that show why this maker of chipmaking equipment shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For AMAT, shares are up 0.66% over the past week while the Zacks Electronics - Semiconductors industry is down 7.55% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 25.44% compares favorably with the industry's 1.46% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Applied Materials have increased 54.71% over the past quarter, and have gained 215.79% in the last year. In comparison, the S&P 500 has only moved 9.34% and 23.96%, respectively.
Investors should also pay attention to AMAT's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. AMAT is currently averaging 8,209,256 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with AMAT.
Over the past two months, 11 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost AMAT's consensus estimate, increasing from $11.10 to $12.10 in the past 60 days. Looking at the next fiscal year, 9 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that AMAT is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Applied Materials on your short list.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Applied Materials (AMAT) is a Great Momentum Stock: Should You Buy?

The S&P 500 Index ($SPX) (SPY) on Thursday closed up +1.75%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.29%. June E-mini S&P futures (ESM26) rose +1.73%, and June E-mini Nasdaq futures (NQM26) rose +3.26%.
Stock indexes settled sharply higher on Thursday, after geopolitical risks eased when President Trump canceled planned strikes on Iran and signaled that a peace deal to end the war was imminent. Chipmakers and other AI-related stocks rallied on Thursday, leading the broader market higher. Also, Thursday’s -2% plunge in WTI crude oil sparked a rally in airline stocks and cruise line operators. However, software stocks retreated on Thursday, led by an -8% slump in Oracle after it reported higher-than-expected capital expenses, driven by increased data spending.
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Stocks raced to their highs Thursday afternoon when President Trump said he canceled planned military strikes against Iran, citing "discussions" with Iranian leadership. He added that a "time and place of the signing" of a negotiated end to the war would "be announced shortly," and the US naval blockade of the Strait of Hormuz "will remain in full force and effect until this transaction is finalized."
Stocks were initially weighed down on Thursday amid concerns about the escalation of Middle East hostilities after President Trump said the US will be hitting Iran very hard tonight and will "at some point" take control of Kharg Island, Iran's key export hub, thus taking control of Iran's oil and gas markets.
Stocks were also pressured by Thursday’s US economic reports, which showed that weekly US jobless claims unexpectedly rose to a 4-month high and that May producer prices were mixed.
Late Wednesday, President Trump said the US will continue bombing Iran if it refuses to agree to an interim peace deal. Mr. Trump ordered multiple strikes on Iranian targets on Wednesday, and Iran retaliated by firing on US bases in Kuwait, Bahrain, and Jordan. The increase in tensions risks derailing peace talks between Iran and the US, thus keeping the Strait of Hormuz closed, and further tightening global energy supplies.
US weekly initial unemployment claims unexpectedly rose +4,000 to a 4-month high of 229,000, showing a weaker labor market than expectations of a decline to 220,000.
US May PPI final demand rose +1.1% m/m and +6.5% y/y, stronger than expectations of +0.7% m/m and +6.4% y/y, with the +6.5% y/y gain being the largest year-on-year increase in 3.5 years. However, May PI ex food and energy rose +0.4% m/m and +4.9% y/y, weaker than expectations of +0.5% m/m and +5.4% y/y.
WTI crude oil prices (CLN26) are extremely volatile, whipsawing higher and lower several times on Thursday. Crude prices today initially gave up an overnight advance of more than +2% and fell more than -2% after President Trump said he canceled planned strikes on Iran and that a peace deal to end the war was imminent. Crude prices initially rallied more than +2% on Thursday when President Trump said the US would keep attacking Iran and threatened to seize the Kharg Island oil terminal, Iran’s main crude exporting hub.
The markets are discounting a 0% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
Overseas stock markets settled mixed on Thursday. The Euro Stoxx 50 closed up +0.78%. China's Shanghai Composite closed down -0.16%. Japan's Nikkei Stock Average recovered from a 2.5-week low and closed up +0.06%.
Interest Rates
September 10-year T-notes (ZNU6) on Thursday closed up +17 ticks, and the 10-year T-note yield fell -9.3 bp to 4.459%. T-notes rallied on Thursday after US weekly jobless claims unexpectedly rose to a 4-month high and May producer prices ex-food and energy rose less than expected, dovish factors for Fed policy. T-notes also garnered support on Thursday from the -2% fall in WTI crude oil prices, which lowered inflation expectations. The 10-year breakeven inflation rate fell to a 2.5-month low of 2.303% on Thursday.
Gains in T-notes were limited after stocks rallied sharply, which curbed safe-haven demand for government debt securities. Also, slack demand for the Treasury’s $22 billion auction of 30-year T-bonds was negative for T-notes, as the auction had a bid-to-cover ratio of 2.33, below the 10-auction average of 2.39.
European government bond yields moved lower on Thursday. The 10-year German Bund yield fell from a 2.5-week high of 3.091% and finished down -4.5 bp to 3.032%. The 10-year UK gilt yield fell -2.6 bp to 4.905%.
The ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth."
The ECB cut its 2026 Eurozone GDP estimate to +0.8% from a previous estimate of +0.9% and raised its 2026 Eurozone inflation ex-food and energy forecast to +2.5% from a previous forecast of +2.3%.
Swaps are discounting a 62% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.
US Stock Movers
Chipmakers and AI-infrastructure stocks rallied sharply on Thursday amid signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending. Sandisk (SNDK) closed up more than +14% to lead gainers in the S&P 500 and Nasdaq 100, and KLA Corp (KLAC) closed up more than +13%. Also, Lam Research (LRCX) closed up more than +12%, and Applied Materials (AMAT), ARM Holdings Plc (ARM), Marvell Technology (MRVL), and Micron Technology (MU) closed up more than +11%. In addition, Intel (INTC) and ASML Holding NV (ASML) closed up more than +9%, and Advanced Micro Devices (AMD) and Western Digital (WDC) closed up more than +7%. Finally, Seagate Technology Holdings Plc (STX), NXP Semiconductors NV (NXPI), and Qualcomm (QCOM) closed up more than +6%, and Microchip Technology (MCHP) and Texas Instruments (TXN) closed up more than +5%.
Airline stocks and cruise line operators moved sharply higher on Thursday after WTI crude oil fell more than -2%, lowering fuel costs and boosting the companies’ profitability prospects. Alaska Air Group (ALK) closed up more than +11%, and United Airlines Holdings (UAL) and American Airlines Group (AAL) closed up more than +9%. Also, Carnival (CCL) closed up more than +8%, and Southwest Airlines (LUV) and Royal Caribbean Cruises (RCL) closed up more than +7%. In addition, Norwegian Cruise Line Holdings (NCLH) and Delta Air Lines (DAL) closed up more than +6%.
Cryptocurrency-exposed stocks moved higher on Thursday as Bitcoin (^BTCUSD) rose more than +3%. Galaxy Digital Holdings (GLXY) closed up more than +10%, and Riot Platforms (RIOT) closed up more than +8%. Also, MARA Holdings (MARA) closed up more than +7%, Coinbase Global (COIN) closed up more than +4%, and Strategy (MSTR) closed up more than +3%.
Software stocks are under pressure today, limiting gains in the overall market, with Oracle (ORCL) down more than -8% to lead losers in the S&P 500 after forecasting full-year capital spending of $70 billion, $20-25 billion higher than expected due to prepayment for some components. Also, Autodesk (ADSK) closed down more than -7% to lead losers in the Nasdaq 100, and Adobe Systems (ADBE) closed down more than -6%. In addition, Workday (WDAY) closed down more than -5%, and Salesforce (CRM) closed down more than -2% to lead losers in the Dow Jones Industrials. Finally, ServiceNow (NOW), Atlassian Corp (TEAM), and Intuit (INTU) closed down more than -2%, and Microsoft (MSFT) closed down more than -1%.
Energy stocks and service providers slumped on Thursday after WTI crude oil fell more than -2%. Devon Energy (DVN) closed down more than -4%, and ConocoPhillips (COP) and APA Corp (APA) closed down more than -3%. Also, Chevron (CVX), Diamondback Energy (FANG), Exxon Mobil (XOM), and Occidental Petroleum (OXY) closed down more than -2%.
Voyager Technologies (VOYG) closed up more than +16% after BTIG initiated coverage on the stock with a buy recommendation and a price target of $55.
Navan (NAVN) closed up more than +9% after raising its full-year revenue forecast to $907 million-$913 million from a previous estimate of $866 million-$874 million, well above the consensus of $871.7 million.
Eaton Corp Plc (ETN) closed up more than +5% after agreeing to merge its mobility business with Dana Inc in a deal valuing the combined company at roughly $10 billion, including debt.
Allegion Plc (ALLE) closed up more than +3% after Longbow Research upgraded the stock to buy from neutral with a price target of $165.
Earnings Reports(6/12/2026)
America's Car-Mart Inc/TX (CRMT), Atlantic International Corp (ATLN), Friedman Industries Inc (FRD), Liberty Live Holdings Inc (LLYVA), Pioneer Bancorp Inc/NY (PBFS), Richtech Robotics Inc (RR), Seneca Foods Corp (SENEB), Whitestone REIT (WSR).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Sharply Higher on Middle East Peace Hopes

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in PayPal Holdings Inc (Symbol: PYPL), where a total of 80,049 contracts have traded so far, representing approximately 8.0 million underlying shares. That amounts to about 54.8% of PYPL's average daily trading volume over the past month of 14.6 million shares. Especially high volume was seen for the $70 strike call option expiring January 21, 2028, with 8,544 contracts trading so far today, representing approximately 854,400 underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $70 strike highlighted in orange:
Applied Materials, Inc. (Symbol: AMAT) options are showing a volume of 47,532 contracts thus far today. That number of contracts represents approximately 4.8 million underlying shares, working out to a sizeable 54.5% of AMAT's average daily trading volume over the past month, of 8.7 million shares. Especially high volume was seen for the $380 strike put option expiring October 16, 2026, with 1,940 contracts trading so far today, representing approximately 194,000 underlying shares of AMAT. Below is a chart showing AMAT's trailing twelve month trading history, with the $380 strike highlighted in orange:
And Spotify Technology SA (Symbol: SPOT) saw options trading volume of 12,838 contracts, representing approximately 1.3 million underlying shares or approximately 54.3% of SPOT's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $600 strike call option expiring June 18, 2026, with 1,868 contracts trading so far today, representing approximately 186,800 underlying shares of SPOT. Below is a chart showing SPOT's trailing twelve month trading history, with the $600 strike highlighted in orange:
For the various different available expirations for PYPL options, AMAT options, or SPOT options, visit StockOptionsChannel.com.
Further PYPL Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Thursday Option Activity: PYPL, AMAT, SPOT

The S&P 500 Index ($SPX) (SPY) today is up +0.03%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.42%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.37%. June E-mini S&P futures (ESM26) are up +0.03%, and June E-mini Nasdaq futures (NQM26) are up +0.40%.
Stock indexes are moving higher today, as chipmakers and other AI-related stocks climb to lift the broader market and recover some of Wednesday’s sharp losses. However, software stocks are on the defensive today, led by an -11% slump in Oracle after it reported higher-than-expected capital expenses, driven by increased data spending.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stocks are being undercut as crude oil prices erased early losses and whipsawed higher on concerns about the escalation of Middle East hostilities after President Trump said the US will be hitting Iran very hard tonight and will "at some point" take control of Kharg Island, Iran's key export hub, thus taking control of Iran's oil and gas markets.
Stocks are also pressured by today’s US economic reports, which showed that weekly US jobless claims unexpectedly rose to a 4-month high and that May producer prices were mixed.
Late Wednesday, President Trump said the US will continue bombing Iran if it refuses to agree to an interim peace deal. Mr. Trump ordered multiple strikes on Iranian targets on Wednesday, and Iran retaliated by firing on US bases in Kuwait, Bahrain, and Jordan. The increase in tensions risks derailing peace talks between Iran and the US, thus keeping the Strait of Hormuz closed, and further tightening global energy supplies.
US weekly initial unemployment claims unexpectedly rose +4,000 to a 4-month high of 229,000, showing a weaker labor market than expectations of a decline to 220,000.
US May PPI final demand rose +1.1% m/m and +6.5% y/y, stronger than expectations of +0.7% m/m and +6.4% y/y, with the +6.5% y/y gain being the largest year-on-year increase in 3.5 years. However, May PI ex food and energy rose +0.4% m/m and +4.9% y/y, weaker than expectations of +0.5% m/m and +5.4% y/y.
WTI crude oil prices (CLN26) are extremely volatile, whipsawing higher and lower several times today. Crude prices today initially gave up an overnight advance of more than +2% and fell more than -1% as concerns over the escalation of the US-Iran conflict eased after the US ended strikes against Iran. However, prices then rallied more than +1% again when President Trump said the US would keep attacking Iran and threatened to seize the Kharg Island oil terminal, Iran’s main crude exporting hub.
The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
Overseas stock markets are mixed today. The Euro Stoxx 50 is up +0.89%. China's Shanghai Composite closed down -0.16%. Japan's Nikkei Stock Average recovered from a 2.5-week low and closed up +0.06%.
Interest Rates
September 10-year T-notes (ZNU6) today are up +4 ticks, and the 10-year T-note yield is down -3.0 bp to 4.523%. T-notes are moving higher today after US weekly jobless claims unexpectedly rose to a 4-month high and May producer prices ex-food and energy rose less than expected, dovish factors for Fed policy.
Gains in T-notes are limited after crude oil prices whipsawed higher after President Trump said the US will keep on attacking Iran and threatened to seize Kharg Island, Iran’s main crude exporting hub. Also, supply pressures are negative for T-notes, as the Treasury will auction $22 billion of 30-year T-bonds later today.
European government bond yields are moving lower today. The 10-year German Bund yield fell from a 2.5-week high of 3.091% and is down -4.1 bp to 3.035%. The 10-year UK gilt yield is down -2.6 bp to 4.905%.
The ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth."
The ECB cut its 2026 Eurozone GDP estimate to +0.8% from a previous estimate of +0.9%, and raised its 2026 Eurozone inflation ex-food and energy forecast to +2.5% from a previous forecast of +2.3%.
Swaps are discounting a 64% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.
US Stock Movers
Chipmakers and AI-infrastructure stocks are moving higher today on signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending. KLA Corp (KLAC) is up more than +8% to lead gainers in the S&P 500 and Nasdaq 100, and Applied Materials (AMAT), Intel (INTC), Lam Research (LRCX), and Sandisk (SNDK) are up more than +6%. Also, ARM Holdings Plc (ARM) is up more than +5%, and ASML Holding NV (ASML) is up more than +4%. In addition, Marvell Technology (MRVL), Seagate Technology Holdings Plc (STX), Advanced Micro Devices (AMD), and Analog Devices (ADI) are up more than +3%, and Microchip Technology (MCHP), NXP Semiconductors NV (NXPI), Micron Technology (MU), Texas Instruments (TXN), and Western Digital (WDC) are up more than +2%.
Software stocks are under pressure today, limiting gains in the overall market, with Oracle (ORCL) down more than -11% to lead losers in the S&P 500 after forecasting full-year capital spending of $70 billion, $20-25 billion higher than expected due to prepayment for some components. Also, Adobe Systems (ADBE) is down more than -5% to lead losers in the Nasdaq 100, and Salesforce (CRM) is down more than -3% to lead losers in the Dow Jones Industrials. In addition, ServiceNow (NOW), Atlassian Corp (TEAM), Autodesk (ADSK), Intuit (INTU), and Workday (WDAY) are down more than -3%, and Microsoft (MSFT) is down more than -2%.
Navan (NAVN) is up more than +12% after raising its full-year revenue forecast to $907 million-$913 million from a previous estimate of $866 million-$874 million, well above the consensus of $871.7 million.
Voyager Technologies (VOYG) is up more than +11% after BTIG initiated coverage on the stock with a buy recommendation and a price target of $55.
Allegion Plc (ALLE) is up more than +1% after Longbow Research upgraded the stock to buy from neutral with a price target of $165.
Eaton Corp Plc (ETN) is up more than +1% after agreeing to merge its mobility business with Dana Inc in a deal valuing the combined company at roughly $10 billion, including debt.
PDD Holdings (PDD) is down more than -2% after China’s State Administration for Market Regulation summoned the country’s leading e-commerce companies over misleading promotions and false advertising.
Earnings Reports(6/11/2026)
Adobe Inc (ADBE), Lennar Corp (LEN), RH (RH).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Supported by a Rebound in Chipmakers and AI Stocks

ASM International N.V. ASMIY has emerged as one of the key beneficiaries of the artificial intelligence (AI) boom, thanks to its leading position in advanced semiconductor manufacturing technologies. As chipmakers ramp up investments in next-generation logic and memory devices to support growing AI workloads, ASM International's solutions are increasingly becoming critical to the semiconductor production process.
The company specializes in Atomic Layer Deposition (ALD) and epitaxy technologies, which are essential for manufacturing advanced semiconductor devices. With an increasing demand for high-performance AI chips, ASM International appears well-positioned to capitalize on several long-term growth opportunities.
Semiconductor Manufacturing Picking Up Pace
The rapid adoption of AI applications across data centers, cloud infrastructure and enterprise computing continues to fuel investments in advanced semiconductor manufacturing. Leading foundries and integrated device manufacturers are expanding capacity to meet rising demand for AI accelerators and high-performance processors.
This trend has been a major growth catalyst for ASM International. The company continues to benefit from healthy investments by advanced logic and foundry customers, particularly those investing in leading-edge technologies used in AI applications. As AI adoption gains steam, capital expenditures within the semiconductor space are expected to remain healthy, creating a favorable demand environment for ASMIY's process equipment portfolio.
ASMIY Buoyed by Strength in the ALD Market
One of ASM International's biggest strengths is its leading market position in ALD technology. ALD enables chipmakers to deposit ultra-thin material layers with atomic-level precision, enabling semiconductors to drastically reduce their size.
As the industry moves toward more advanced process nodes, the need for ALD solutions is rising. The technology plays a crucial role in enabling superior device performance, lower power consumption and greater transistor density. Given its strong competitive position in ALD, ASM International remains well placed to benefit from increasing technology adoption across advanced semiconductor manufacturing.
Exposure to Advanced Memory Technologies Lends Support
High-performance memory solutions such as High-Bandwidth Memory (HBM) and next-generation DRAM are also gaining prominence. These memory technologies require increasingly sophisticated deposition processes and tighter manufacturing tolerances. ASM International's expertise in ALD and epitaxy positions it favorably to benefit from rising investments in advanced memory production. As memory manufacturers continue to expand capacity to support AI-related applications, the company envisions sustained demand for its equipment solutions.
Price Performance
ASM International has surged 71.6% in the past year compared with the broader Zacks Computer and Technology sector’s growth of 42.1%. It has underperformed peers like ASML Holding N.V. ASML and Applied Materials, Inc. AMAT. While ASML has gained 120.6%, AMAT jumped 184% over this period.
One-Year Price Performance of ASMIY
Image Source: Zacks Investment Research
Expansion Into Adjacent Growth Markets
Beyond its core deposition business, ASM International is taking rapid strides to expand into adjacent semiconductor equipment markets. The company has witnessed significant growth opportunities in advanced packaging, a rapidly growing segment driven by AI, chiplet architectures and heterogeneous integration.
ASMIY is also expanding its services and spares business, which provides a more recurring revenue stream and helps improve earnings visibility throughout semiconductor cycles. These initiatives should support revenue diversification and enhance long-term growth prospects.
Moving Forward
ASM International remains strategically positioned to benefit from some of the most powerful secular trends shaping the semiconductor industry. Strong exposure to AI-driven semiconductor spending, leadership in ALD technology and growing opportunities in advanced memory and packaging markets provide multiple avenues for future growth.
ASM International currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
With a favorable Zacks Rank and healthy growth dynamics, ASMIY appears primed for further stock price appreciation. Consequently, investors are likely to profit if they bet on this high-flying stock now.
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ASM International Rides on AI-Driven Semiconductor Boom: Worth a Buy?

The S&P 500 Index ($SPX) (SPY) today is up +0.20%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.43%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.53%. June E-mini S&P futures (ESM26) are up +0.29%, and June E-mini Nasdaq futures (NQM26) are up +0.60%.
Stock indexes are moving higher today, as chipmakers and other AI-related stocks climb to lift the broader market and recover some of Wednesday’s sharp losses. However, software stocks are on the defensive today, led by a -10% slump in Oracle after it reported higher-than-expected capital expenses, driven by increased data spending.
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Stocks are being undercut as crude oil prices erased early losses and whipsawed higher on concerns about the escalation of Middle East hostilities after President Trump said the US will be hitting Iran very hard tonight and will "at some point" take control of Kharg Island, Iran's key export hub, thus taking control of Iran's oil and gas markets.
Stocks were also pressured by today’s US economic reports, which showed that weekly US jobless claims unexpectedly rose to a 4-month high and that May producer prices were mixed.
Late Wednesday, President Trump said the US will continue bombing Iran if it refuses to agree to an interim peace deal. Mr. Trump ordered multiple strikes on Iranian targets on Wednesday, and Iran retaliated by firing on US bases in Kuwait, Bahrain, and Jordan. The increase in tensions risks derailing peace talks between Iran and the US, thus keeping the Strait of Hormuz closed, and further tightening global energy supplies.
US weekly initial unemployment claims unexpectedly rose +4,000 to a 4-month high of 229,000, showing a weaker labor market than expectations of a decline to 220,000.
US May PPI final demand rose +1.1% m/m and +6.5% y/y, stronger than expectations of +0.7% m/m and +6.4% y/y, with the +6.5% y/y gain being the largest year-on-year increase in 3.5 years. However, May PI ex food and energy rose +0.4% m/m and +4.9% y/y, weaker than expectations of +0.5% m/m and +5.4% y/y.
WTI crude oil prices (CLN26) are extremely volatile, whipsawing higher and lower several times today. Crude prices today initially gave up an overnight advance of more than +2% and fell more than -1% as concerns over the escalation of the US-Iran conflict eased after the US ended strikes against Iran. However, prices then rallied more than +1% again when President Trump said the US would keep attacking Iran and threatened to seize the Kharg Island oil terminal, Iran’s main crude exporting hub.
The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
Overseas stock markets are mixed today. The Euro Stoxx 50 is up +0.41%. China's Shanghai Composite closed down -0.16%. Japan's Nikkei Stock Average recovered from a 2.5-week low and closed up +0.06%.
Interest Rates
September 10-year T-notes (ZNU6) today are up +4 ticks, and the 10-year T-note yield is down -2.2 bp to 4.530%. T-notes are moving higher today after US weekly jobless claims unexpectedly rose to a 4-month high and May producer prices ex-food and energy rose less than expected, dovish factors for Fed policy.
Gains in T-notes are limited after crude oil prices whipsawed higher after President Trump said the US will keep on attacking Iran and threatened to seize Kharg Island, Iran’s main crude exporting hub. Also, supply pressures are negative for T-notes, as the Treasury will auction $22 billion of 30-year T-bonds later today.
European government bond yields are moving lower today. The 10-year German Bund yield fell from a 2.5-week high of 3.091% and is down -2.8 bp to 3.048%. The 10-year UK gilt yield is down -1.2 bp to 4.919%.
The ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth."
The ECB cut its 2026 Eurozone GDP estimate to +0.8% from a previous estimate of +0.9%, and raised its 2026 Eurozone inflation ex-food and energy forecast to +2.5% from a previous forecast of +2.3%.
Swaps are discounting a 70% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.
US Stock Movers
Chipmakers and AI-infrastructure stocks are moving higher today on signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending. Intel (INTC) is up more than +8% to lead gainers in the S&P 500 and Nasdaq 100, and Applied Materials (AMAT) and Lam Research (LRCX) are up more than +6%. Also, KLA Corp (KLAC) and Sandisk (SNDK) are up more than +4%, and ARM Holdings Plc (ARM), ASML Holding NV (ASML), and Marvell Technology (MRVL) are up more than +3%. In addition, Advanced Micro Devices (AMD) and Microchip Technology (MCHP) are up more than +2%.
Software stocks are under pressure today, limiting gains in the overall market, with Oracle (ORCL) down more than -10% to lead losers in the S&P 500 after forecasting full-year capital spending of $70 billion, $20-25 billion higher than expected due to prepayment for some components. Also, Atlassian Corp (TEAM) and ServiceNow (NOW) are down more than -3%. Salesforce (CRM) is down more than -2% to lead losers in the Dow Jones Industrials. In addition, Adobe Systems (ADBE) and Workday (WDAY) are down more than -2%, and Microsoft (MSFT), Intuit (INTU), and Autodesk (ADSK) are down more than -1%.
Navan (NAVN) is up more than +16% after raising its full-year revenue forecast to $907 million-$913 million from a previous estimate of $866 million-$874 million, well above the consensus of $871.7 million.
Voyager Technologies (VOYG) is up more than +10% after BTIG initiated coverage on the stock with a buy recommendation and a price target of $55.
Allegion Plc (ALLE) is up more than +2% after Longbow Research upgraded the stock to buy from neutral with a price target of $165.
Eaton Corp Plc (ETN) is up more than +1% after agreeing to merge its mobility business with Dana Inc in a deal valuing the combined company at roughly $10 billion, including debt.
PDD Holdings (PDD) is down more than -3% to lead losses in the Nasdaq 100 after China’s State Administration for Market Regulation summoned the country’s leading e-commerce companies over misleading promotions and false advertising.
Earnings Reports(6/11/2026)
Adobe Inc (ADBE), Lennar Corp (LEN), RH (RH).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Edge Higher as Chipmakers and AI Stocks Rebound

SailPoint SAIL reported first-quarter fiscal 2027 adjusted earnings of 5 cents per share, which surpassed the Zacks Consensus Estimate of 4 cents by 25%. The company had reported earnings of 1 cent in the year-ago quarter.
Revenues were $280.1 million, up 21.6% year over year and ahead of the consensus mark by 1.41%. SailPoint’s strong quarterly performance was driven by continued demand for its identity security offerings and accelerating adoption of SaaS solutions.
SAIL’s Q1 Top-Line Details
As of April 30, 2026, annual recurring revenues (ARR) increased 26% year over year to $1.163 billion.
Segment-wise, SaaS contributed 63.7% of fiscal first-quarter total revenues, increasing approximately 35% year over year to $178.4 million. Maintenance and support revenues represented 12.3% of total revenues, which decreased 7.6% year over year to $34.5 million.
SailPoint, Inc. Price, Consensus and EPS Surprise
Term subscription revenues contributed 15.7% of total revenues, which rose 9.7% to $43.9 million. Other subscription services comprised 3.2% of total revenues, which increased 45.8% year over year to $8.8 million. Total subscription revenues, comprising the four sub-segments, accounted for 94.9% of revenues, which increased 23.5% year over year to $265.8 million. The remaining segment, Services and other, represented 5.1% of total revenues in the reported quarter. The figure decreased 5.4% to $14.3 million.
SailPoint’s Operating Highlights
The non-GAAP gross margin expanded 30 basis points (bps) year over year to 76.6%.
Sales and marketing expense, on a non-GAAP basis and as a percentage of revenues, increased 10 bps from the year-ago quarter’s level to 39.7%.
Research and development expense, on a non-GAAP basis and as a percentage of revenues, decreased 50 bps from the year-ago quarter’s level to 16.3%.
General and administrative expense, as a percentage of revenues, decreased from the year-ago quarter’s level of 9.7% to 7.1%.
Adjusted income from operations was $37.8 million, representing 13.5% of revenues, up from $23.6 million or 10.2% of revenues, reported in the year-ago quarter.
SailPoint’s Strong Balance Sheet
As of April 30, 2026, cash and cash equivalents were $390.8 million compared with $358.1 million as of Jan. 31, 2026.
In the reported quarter, the company generated a cash flow from operations of $38.2 million compared with $64 million in the previous quarter.
SAIL generated free cash flow of $32.5 million compared with $57 million in the previous quarter.
SAIL Offers Q2 and FY27 Guidance
For second-quarter fiscal 2027, SailPoint expects revenues between $308 million and $312 million, indicating year-over-year growth of 17% to 18%.
The company expects adjusted income from operations to be between $56.5 million and $57.5 million.
Adjusted earnings are expected to be between 7 cents and 8 cents per share for the second quarter of fiscal 2027.
For fiscal 2027, revenues are forecasted to be between $1.265 billion and $1.275 billion, indicating year-over-year growth of 18% to 19%.
The company expects adjusted income from operations to be in the range of $239 million to $244 million.
Adjusted earnings are expected to be between 30 cents and 34 cents per share for fiscal 2027.
SailPoint’s Zacks Rank & Stocks to Consider
Currently, SAIL carries a Zacks Rank #3 (Hold).
Applied Materials AMAT, Advanced Energy Industries AEIS and Dell Technologies DELL are some better-ranked stocks that investors can consider in the broader Zacks Computer and Technology sector.
Applied Materials and Advanced Energy Industries each carry a Zacks Rank#2 (Buy), while Dell Technologies sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rates for Applied Materials, Advanced Energy Industries and Dell Technologies are currently pegged at 29.6%, 30.1% and 26.3%, respectively.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SailPoint Q1 Earnings Surpass Estimates, Revenues Jump Y/Y

(RTTNews) - U.S. chip equipment maker Applied Materials, Inc. (AMAT) announced on Wednesday that it has opened a $500 million manufacturing and R&D facility in Singapore to support growing demand for equipment used to make artificial intelligence chips.
The new Tampines Campus more than doubles Applied Materials' advanced cleanroom capacity in Singapore and is already operating at volume production.
Applied Materials expects to add about 1,000 jobs in Singapore over the next few years tied to the expansion.
"Our expanded manufacturing operations in Singapore strengthen Applieds ability to deliver semiconductor manufacturing equipment that chipmakers need to bring next-generation chips to market faster", Chief Executive Gary Dickerson said in a statement.
The facility uses autonomous robots, AI-assisted quality inspection and augmented reality tools for technician training.
It is designed to achieve Singapore's Green Mark Platinum certification and includes an onsite solar panel system and closed-loop water reclamation.
Applied Materials has operated in Singapore for 35 years. The new campus is part of its Singapore 2030 plan to broaden local partnerships and R&D capabilities.
The company has invested more than $400 million in its U.S. equipment manufacturing infrastructure over the past five years and is building a $5 billion R&D center in Silicon Valley, set to become operational this year.
On the Nasdaq, Applied Materials shares closed up 1.43 percent at $499.21 Tuesday and fell 1.69 percent to $490.75 in overnight trading.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Applied Materials Expands Singapore Manufacturing To Support AI Chip Demand

The Board of Directors of Nucor declared the regular quarterly cash dividend of $0.56 per share on Nucor's common stock. This cash dividend is payable on August 11, 2026 to stockholders of record on June 30, 2026 and is Nucor's 213th consecutive quarterly cash dividend.
Agree Realty today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.267 per common share. The monthly dividend reflects an annualized dividend amount of $3.204 per common share, representing a 4.3% increase over the annualized dividend amount of $3.072 per common share from the second quarter of 2025. The dividend is payable July 15, 2026 to stockholders of record at the close of business on June 30, 2026.
Applied Materials today announced that its Board of Directors has approved a quarterly cash dividend of $0.53 per share payable on the company's common stock. The dividend is payable on Sept. 10, 2026 to shareholders of record as of Aug. 20, 2026. The cash dividend is a key component of Applied's capital allocation strategy. In March 2026, Applied announced a 15-percent increase in the quarterly dividend per share, from $0.46 to $0.53, which more than doubled the dividend per share from four years ago and marked nine consecutive years of dividend increases. With the increase announced in March 2026, Applied has grown its dividend per share at a compound annual growth rate of 18 percent over the past decade. Over the past 10 fiscal years, the company has distributed nearly 90 percent of free cash flow to shareholders through dividends and share repurchases.
The Board of Directors of FedEx today approved a 5% increase in the annual dividend rate on FedEx common stock, after a one-time annual rate adjustment in connection with the spin-off of FedEx Freight. The dividend increase and spin-off adjustment result in an annualized dividend rate of $4.88 for the transition period covering June 1, 2026 through Dec. 31, 2026. Consistent with this update, the Board today also declared a quarterly cash dividend of $1.22 per share on FedEx Corp. common stock. The dividend is payable July 7, 2026, to stockholders of record at the close of business on June 22, 2026.
Benchmark Electronics today announced that its Board of Directors declared a quarterly dividend of $0.17 per share, payable on July 10, 2026, to shareholders of record at the close of business on June 30, 2026.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Daily Dividend Report: NUE,ADC,AMAT,FDX,BHE

The S&P 500 Index ($SPX) (SPY) today is up +0.93%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.89%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.17%. June E-mini S&P futures (ESM26) are up +0.76%, and June E-mini Nasdaq futures (NQM26) are up +0.92%.
Stock indexes are climbing for a second day today as the rebound in the artificial intelligence trade continues. Strength in chipmakers and AI-infrastructure stocks is leading gainers in the broader market. Also, today’s -2% decline in WTI crude oil prices (CLN26) has knocked inflation expectations lower and is supportive for stocks and bonds.
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Today’s US economic news was supportive for stocks, as the Apr trade deficit eased to -$55.9 billion from -$56.6 billion in Mar, narrower than the -$56.1 billion expected.
Crude oil prices are sliding today and posted a 1-week low after Iran and Israel agreed to end hostilities toward each other. President Trump today predicted a swift end to war with Iran and a subsequent fall in oil prices and said, “We’re in the final throes of what will be a very, very good deal, and that they could have at least an idea one or two days from now” about the deal.
China trade news was better than expected, a positive factor for global economic growth. May exports rose +19.4% y/y, stronger than expectations of +15.0% y/y. Also, May imports rose +27.4% y/y, stronger than expectations of +26.0% y/y.
The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
Overseas stock markets are higher today. The Euro Stoxx 50 climbed to a 1.5-week high and is up +0.71%. China's Shanghai Composite closed up +1.28%. Japan's Nikkei Stock Average closed up +2.17%.
Interest Rates
September 10-year T-notes (ZNU6) today are up +3 ticks, and the 10-year T-note yield is down -2.2 bp to 4.540%. Sep T-note prices are modestly higher today amid a -2% fall in WTI crude oil prices, which eased inflation expectations. The 10-year breakeven inflation rate fell to a 7-week low of 2.350% today. Supply pressures are limiting gains in T-notes, as the Treasury will auction $58 billion in 3-year T-notes later today.
European government bond yields are mixed today. The 10-year German Bund yield is up +0.3 bp to 3.063%. The 10-year UK gilt yield is down -1.9 bp to 4.924%.
German Apr industrial production rose +0.4% m/m, right on expectations and the biggest increase in five months.
German trade news was better than expected as Apr exports unexpectedly rose +0.9% m/m, stronger than expectations of a-0.5% m/m decline. Also, Apr imports unexpectedly rose +1.2% m/m versus expectations of a -2.0% m/m decline.
Swaps are discounting a 100% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
The strength of chipmakers and AI-infrastructure stocks is leading the broader market higher today. Lam Research (LRCX) is up more than +4% to lead gainers in the Nasdaq 100, and Applied Materials (AMAT), KLA Corp (KLAC), and Sandisk (SNDK) are up more than +3%. Also, Intel (INTC), Micron Technology (MU), ASML Holding NV (ASML), and Microchip Technology (MCHP) are up more than +2%, and NXP Semiconductors NV (NXPI), Seagate Technology Holdings Plc (STX), Western Digital (WDC), and ON Semiconductor (ON) are up more than +1%.
Airline stocks and cruise line operators are moving higher today with WTI crude oil down more than -2% at a 1-week low, which lowers the companies’ fuel costs and boosts profitability prospects. United Airlines Holdings (UAL), Delta Air Lines (DAL), Alaska Air Group (ALK), and Royal Caribbean Cruises (RCL) are up more than +4%, and Southwest Airlines (LUV), American Airlines Group (AAL), and Carnival (CCL) are up more than +3%. Also, Norwegian Cruise Line Holdings (NCLH) is up more than +2%.
Energy producers and service providers are sliding today with WTI crude oil down more than -2% at a 1-week low. APA Corp (APA) and Devon Energy (DVN) are down more than -2%, and ConocoPhillips (COP), Occidental Petroleum (OXY), Phillips 66 (PSX), Exxon Mobil (XOM), Diamondback Energy (FANG), Marathon Petroleum (MPC), and Valero Energy (VLO) are down more than -1%.
Nuvalent (NUVL) is up more than +38% after GSK Plc agreed to buy the company for $10.6 billion, or about $124 a share.
J M Smucker (SJM) is up more than +10% to lead gainers in the S&P 500 after reporting Q4 adjusted EPS of $2.77, better than the consensus of $2.64, and forecasting 2027 adjusted EPS of $9.75 to $10.25, the midpoint above the consensus of $9.78.
Applied Digital (APLD) is up more than +8% after signing a 15-year take-or-pay lease with a US-based artificial intelligence hyperscaler for 210 megawatts of IT load at its Delta Forge 2 campus.
AST SpaceMobile (ASTS) is up more than +7% after announcing it will launch its BlueBird 8, 9, and 10 satellites on Wednesday, June 17.
West Pharmaceutical Services (WST) is up more than +3% after Barclays upgraded the stock to overweight from equal weight with a price target of $400.
United Natural Foods (UNFI) is down more than -15% after reporting Q3 net sales of $7.72 billion, weaker than the consensus of $7.80 billion, and forecast full-year net sales of $31.10 billion to $31.30 billion, below the consensus of $31.32 billion.
SailPoint (SAIL) is down more than -9% after forecasting Q2 adjusted EPS of 7 cents to 8 cents, the midpoint below the consensus of 7.9 cents.
Vail Resorts (MTN) is down more than -4% after reporting Q3 EPS of $8.81, weaker than the consensus of $9.00.
Gilead Sciences (GILD) is down more than-3%, and Merck & Co (MRK) is down more than -1% after the companies discontinued the Phase 3 trial of Trodelvy combined with Keytruda versus Keytruda alone to treat metastatic non-small cell lung cancer after the trial failed to meet its primary endpoints of progression-free survival and overall survival.
Novanta (NOVT) is down more than -2% after agreeing to acquire Riverpoint Medical from Arlington Capital for $1.2 billion in cash.
Earnings Reports(6/9/2026)
Casey's General Stores Inc (CASY), J M Smucker Co/The (SJM), SailPoint Inc (SAIL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Applied Materials, Inc.

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