Story perspectives
Applied Materials Shares Hold Near $400 Support Amid Sector Correction
By Drooid · · How we work
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Story summary
- Applied Materials (AMAT) shares stayed flat despite competitor ASML Holding’s strong earnings and guidance.
- Semiconductor stocks are in a massive corrective phase that is pressuring the broader tech sector.
- AMAT stock hovers near a $400 support level that has held multiple times recently.
- TheStreet rates Applied Materials a “buy at anytime” and keeps it long in its Pro Portfolio.