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Barchart
Barchart
Wajeeh Khan

As OpenAI Drags Down Chip Stocks, Is Applied Materials Stock a Buy, Sell, or Hold?

Applied Materials OpenAI AMAT

Investors are bailing on Applied Materials (AMAT) following reports that OpenAI missed internal revenue and user growth targets — sparking fears of a cooling AI infrastructure cycle. 

This negative surprise made AMAT break below its 20-day moving average (MA) this morning, signaling bearish momentum will likely sustain in the near term. 

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