Published on 10 Apr 2024 on Zacks via Yahoo Finance

Applied Materials, Inc. (AMAT) is Attracting Investor Attention: Here is What You Should Know

Applied Materials (AMAT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this maker of chipmaking equipment have returned +2.7%, compared to the Zacks S&P 500 composite's +1.8% change. During this period, the Zacks Semiconductor Equipment - Wafer Fabrication industry, which Applied Materials falls in, has gained 0.6%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.