The Latest Breaking News from Applied Materials

U.S. stock futures were mixed this morning, with the Dow futures gaining around 300 points on Friday.

Applied Materials Inc (NASDAQ:AMAT) reported financial results for the third quarter after market close on Thursday. Here’s a rundown of the report.

There is a big lull in earnings reports this week before some bigger names start to report again the week after. This week, we just have Cisco Systems, Applied Materials, Sea Ltd, Petroleo Brasileiro, Nu Holdings, Coreweave and Jd.com reporting.

Even though Applied Materials has underperformed the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.

Apple Inc.'s (NASDAQ:AAPL) latest $100 billion investment in U.S. manufacturing is unlikely to impact product pricing, according to Deepwater Asset Management's Gene Munster, who says iPhone assembly will continue to take place abroad.

On CNBC's “Halftime Report Final Trades,” Kevin Simpson, Capital Wealth Planning founder and CIO, said Honeywell International Inc. (NASDAQ:HON) is off 5% after solid earnings. The company topped on top and bottom lines and also raised guidance, he added.

Applied Materials is expected to announce its third-quarter results in the upcoming month, and analysts expect solid double-digit growth in earnings.

Shares of Applied Materials Inc (NASDAQ:AMAT) are gaining Tuesday, swept up in a broad rally across the artificial intelligence chip sector. The positive momentum is being driven by two developments pointing toward increased demand for semiconductors and the equipment needed to produce them.

Semiconductor manufacturing equipment giant Lam Research (NASDAQ:LRCX) has seen its stock surge a remarkable 40% year-to-date, significantly outperforming the Nasdaq 100 index’s nearly 9% gain.