Applied Materials Analysts Flag $600 Million Guidance Shortfall, China Slowdown
1. AMAT shares fell 13.26% despite strong Q3 earnings report. 2. BofA downgraded AMAT from Buy to Neutral, citing growth concerns. 3. Goldman Sachs cut target price, anticipating $500M drop in China revenue. 4. Needham noted largest guidance miss in years, projecting $700M revenue decline. 5. Analysts express caution around China spending and leading-edge demand.