The Latest Breaking News from Applied Materials

Stock futures extend slide as Treasury yields leap; Moderna slumps after mixed data from flu vaccine trial; DraftKings jumps on narrower Q4 loss, solid revenue outlook; Deere earnings on deck with global equipment demand in focus and Applied Materials sees AI chip demand support firmer Q2 sales.

Futures signaled further losses on hot inflation data and hawkish Fed comments, with the 10-year Treasury yield approaching 4%.

Applied Materials shows rising price performance, earning an upgrade to its IBD Relative Strength Rating

After a miserable performance in 2022, semiconductor stocks are looking for a comeback in 2023.

The market rally ended a losing streak, but the S&P 500 is below key levels. Nvidia jumped, but 5 chip-gear makers are near buy points.

"We expect 2023 to be a down year for wafer fab equipment spending, but we believe that Applied's business will be more resilient," said CEO Gary Dickerson.

Stock futures cautiously higher amid inflation re-think; Applied Materials leaps on solid Q4 earnings, solid outlook; Visa taps president Ryan McInerney as new group CEO; Gap surges on surprise Q3 profit, books $53 million Yeezy Gap hit and Amazon CEO says jobs cuts will extend into 2023

Semiconductor equipment vendor Applied Materials crushed Wall Street's targets for its fiscal fourth quarter and gave a bullish outlook.

A whale with a lot of money to spend has taken a noticeably bullish stance on Applied Materials. Looking at options history for Applied Materials (NASDAQ:AMAT) we detected 18 strange trades.