Applied Materials (AMAT) is not finding many stock buyers in light of the bearishness for semiconductor stocks. Investors are expecting a tougher second half of the year as memory and storage prices drop. At the macro level, trade tensions have a high chance of the U.S. adding even more tariffs against China. With the stock valued at 8 times current and forward P/E multiples, does the stock price discount enough of the uncertainties that lie ahead?
AMAT reported double-digit growth in its major businesses but management forecasted a 2H/2019 recovery. Near term, the