AppliedBusinessmaterials

Applied Materials Stock Is Tumbling. The Entire Chip Sector Is Sliding Too.

barrons logo

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/applied-materials-amat-stock-price-semiconducutors-51632827875


  • Order Reprints

  • Print Article

Chip stocks such as Applied Materials and Nvidia were falling Tuesday as rising Treasury yields pressured fast-growing tech shares. 

In addition, New Street Research downgraded Applied Materials (ticker: AMAT) to Neutral from Buy with a $140 price target. The stock was down 4.53% in trading Tuesday to $136.28. The average target price of analysts surveyed by FactSet is $164.15.

New…


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close