Applied Materials (AMAT): China Headwinds For Semiconductors

Applied Materials' (AMAT) has strength in trailing-edge IOT, communications, automotive, power and sensors, notes Andrew Wang. He and Noah Hamman give an overview of AMAT's earnings. Andrew mentions that AMAT's share gains in memory to drive to material outperformance in 2023. He also highlights that China is a risk factor to all semi companies. Noah talks about how AMAT could start to feel the tailwind from enhanced demand for A.I. server and a narrower scope of the tech export ban on China could also mitigate the concerns on revenue impact. They look at AMAT in relation of other semiconductor stocks including Nvidia (NVDA), AMD (AMD), Qualcomm (QCOM), and Onsemi (ON). Tune in to find out more about the stock market today.