
Applied Materials (AMAT) just delivered strong fourth-quarter (Q4) results that beat Wall Street's expectations. However, the stock has come under pressure due to the company’s cautious guidance for the first quarter of fiscal 2025.
AMAT provides manufacturing equipment, services, and software for the semiconductor, display, and related industries. It is witnessing high demand for advanced equipment used in artificial intelligence (AI) chip production. However, a slowdown in other segments - particularly its Display business - is dampening the company’s growth momentum.