Eight Wall Street firms simultaneously raised their price targets for Applied Materials following the company's record Q2 FY2026 earnings, with new targets ranging from $500 to $550. This unanimous upgrade reflects confidence in Applied Materials' accelerating sales growth driven by AI infrastructure spending and semiconductor equipment demand. The company posted strong revenue and earnings beats, with a raised outlook for over 30% growth in 2026. Investors should watch if this growth momentum continues into 2027 amid valuation and market risks.
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...
