Million

April

Material

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Applied Materials will post third-quarter earnings on August 12, 2023. </a> </li> 
 <li> <span>2</span> <a>AMAT stock price is in uptrend and is up over 50% year-to-date (YTD). </a> </li> 
</ul> 
<p>Artificial intelligence (AI) technology is becoming the reason behind the next paradigm shift across industries. The chip manufacturers are turning to the booming sector by facilitating processors for AI. As a prominent chip manufacturing equipment provider, Applied Materials (NASDAQ: AMAT) and AMAT stock price hold the opportunity to benefit from the shift.&nbsp;</p> 
<p>Semiconductor giants like <a href="https://www.thecoinrepublic.com/2023/03/27/nvidias-shifting-stance-from-cryptocurrency-mining-to-ai/" rel="noopener noreferrer nofollow">Nvidia</a> (NASDAQ: NVDA) and <a href="https://www.thecoinrepublic.com/2023/06/23/amd-stock-taking-positions-to-benefit-from-ai-tech-growth/" rel="noopener noreferrer nofollow">Advanced Micro Devices</a> (NASDAQ: AMD) have primed themselves for the growing sector. Applied Materials is also counting on the same, given the parallel innovation method. AMAT stock has seen a surge since the beginning of 2023 and resembles the AI sector expansion.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-applied-materials-earnings-benefits-amat-stock-strong"><strong>Applied Materials Earnings Benefits AMAT Stock&nbsp;</strong></h2> 
<p>Along with this, the equipment provider sits on considerable financials and past quarter earnings were also impressively well. The company beat the revenue and income estimates in recent quarters.&nbsp;</p> 
<p>After the second quarter of the year ended in April 2023, Applied Material reported revenue of $6.62 Billion and income of $1.57 Billion. The earnings per share (EPS) remained at $2 for the quarter.&nbsp;</p> 
<p>The company raised its dividend from $0.26 to $0.32 per share in the last quarter. Currently, its dividend yield stands at 1.1%. During the same quarter, it paid about $219 Million in dividends and purchased back AMAT shares worth $800 Million.&nbsp;</p> 
<p>Applied Materials will report the upcoming quarterly earnings on August 17, 2023. It is expected to post $6.15 Billion in revenue while the EPS stands at $1.73.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-amat-stock-price-movement-strong"><strong>AMAT Stock Price Movement&nbsp;</strong></h3> 
<p>Currently, AMAT stock price is trading at $151.93 following an increase of 3.9% in the last intraday session on Friday, July 28th. AMAT stock attained the yearly high hitting the price. The stock continued its upward streak for over a week and rose up to 12% in the last ten days.&nbsp;</p> 
<p>The price level at $134 acts as immediate support for AMAT stock price. It holds strong support at $110. AMAT has been following an uptrend since mid-May 2023 and returned over 35% since then.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="528" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-208-1024x528.png" alt="AMAT Stock at 52wk High: Is ATH Possible Post Positive Earnings?" class="wp-image-155065" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-208-1024x528.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-208-300x155.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-208-768x396.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-208-1536x793.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-208-750x387.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-208-1140x588.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-208.png 1564w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source – Applied Materials Inc (NASDAQ: AMAT) Stock Price Movement on <a href="https://www.tradingview.com/x/mZFhwv3g/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The stock price is above both the moving averages and the gap between them is constantly increasing. A death crossover was likely to take place but last quarter earnings pushed the price upwards.&nbsp;</p> 
<p>AMAT stock price 50-day EMA is at $136 and 200-EMA is at $121. The next hurdle for the stock price would be waiting at $160. If it is successful in attaining the price level, then it could set the course for the highest point at $166. The upcoming earnings release might help in boosting the price but the opposite could also take place in case of a negative report.&nbsp;</p> 
<p>RSI is at 65 and the straight-up move suggests attaining more high indicating a bullish trend in AMAT stock price. MACD crossover also showcases a potential up move in the price.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

AMAT Stock at 52wk High: Is ATH Possible Post Positive Earnings?

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