Why Applied Materials’ latest earnings have investors so spooked
1. AMAT faces its largest drop since COVID-19 due to China's pressures. 2. Revenue outlook is $6.7 billion, lower than the $7.3 billion expected. 3. Leading-edge foundry business shows surprising sequential decline. 4. Analysts doubt AMAT’s ability to outperform given market uncertainties. 5. Concerns grow over potential loss of market share amid strong competitors.