Applied Materials is rated a strong buy with a $802 price target, implying a 30% upside from its current $617 price. Key growth drivers include advanced semiconductor technologies like leading-edge logic, gate-all-around, DRAM, HBM, advanced packaging, and Applied Global Services. These factors could add $6.6 billion in revenue and $2.26 in EPS by 2027, supporting a forward EPS of $15.9. Risks include industry cyclicality and valuation changes, but the company’s ability to capitalize on AI manufacturing complexity makes the investment opportunity attractive.
REX Shares has filed for the REX AI Chipmaking ETF, targeting the booming $1.3 trillion AI infrastructure sector. The fund tracks the VettaFi AI Chipmaking Index, focusing on companies involved in wafer fabrication equipment, advanced packaging, and ...
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
