These chip stocks are falling in the face of a new China setback
1. Applied Materials predicts $600M revenue hit in fiscal 2026. 2. New U.S. restrictions will limit sales to certain Chinese customers. 3. AMAT's shares fell by about 2% in premarket trading. 4. Analysts indicate the impact is manageable at around 2% for AMAT. 5. AMAT is up 37% this year, outperforming the S&P 500.