CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

PREVIEW: Applied Materials slides; results due after the bell

By Reuters News

** Shares of Applied Materials AMAT.O slipping 3.2% on Thurs ahead of qtrly results, due after the closing bell, with investors watching for updates on the chipmaking equipment supplier's increased stake in Besi and AI chip demand

** Analysts expect qtrly rev to rise 51% to $10.30 bln and adj EPS of $4.05 vs $2.17 a yr ago, per LSEG

** The company has beaten analysts' estimates for earnings in all of the past eight reporting periods

** Nvidia NVDA.O CEO Jensen Huang stepped down on Thursday, sparking volatility in AI-related shares and worries about the future of the broader AI ecosystem

** AMAT in late Oct said it would increase its stake in Dutch peer BE Semiconductor Industries (Besi) BESI.AS to ~20%, expanding a partnership in hybrid bonding tech for next-gen AI chips

** Analyst ratings on AMAT include 35 "strong buy" or "buy" ratings and four "hold" ratings, based on LSEG data

** AMAT has jumped 49% YTD, far outpacing a 9% rise for the Nasdaq .IXIC

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.