AMAT - What To Expect From Applied Materials Earnings? Analyst Eyes China Dynamics | Benzinga
Stifel analyst Brian Chin reiterated the Buy rating on Applied Materials, Inc. (NASDAQ:AMAT), with a price forecast of $230.
The company will report the second quarter of fiscal 2024 financial results on Thursday, May 16, 2024.
According to the analyst, non-China trailing-edge remains soft and that the timing on expansion in leading-edge foundry-logic and memory is more late FY24/FY25-oriented.
For now, the analyst sees revenue bias still toward China, technology, and conversion (DRAM HBM) activity.
More importantly, the analyst views capacity/growth-driven foundry/logic and DRAM investment plans for 2025.
Per Chin, Applied Materials continues ...