This Semiconductor Stock Could Go Parabolic
Applied Materials (NASDAQ: AMAT) stock has lost a quarter of its value on the market in 2022, but shares of the company that supplies semiconductor manufacturing equipment to foundries have been in recovery mode over the past week.
It won't be surprising to see Applied Materials stock get a nice shot in the arm when it releases its fiscal 2022 second-quarter results after the market closes on May 19. Let's look at what Wall Street expects from the company and why it is on track to smash those expectations.
Applied Materials has won big from the global semiconductor shortage over the past couple of years, consistently logging robust top- and bottom-line growth. That trend is expected to continue as the company guided for $6.35 billion in revenue and $1.90 per share in adjusted earnings when it released its fiscal first-quarter results, for the three months ending on Jan. 30, in February.
Source Fool.com
