Applied Materials (AMAT) has been upgraded to a Buy rating for long-term investors due to its strong Q2 results and increasing demand driven by AI-related wafer fabrication equipment (WFE). The company benefits from recurring service revenues and trades at a discount compared to peers on enterprise value to revenue, indicating a potential undervaluation. Key risks include significant exposure to China, which accounts for 27% of its revenue, and a possible cyclical downturn expected in 2027. Investors are advised to consider adding shares on price pullbacks rather than after recent price surges.
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...
