Previous close | 35.25 |
Open | 35.25 |
Bid | 35.40 |
Ask | 36.60 |
Strike | 60.00 |
Expiry date | 2024-01-19 |
Day's range | 35.25 - 35.25 |
Contract range | N/A |
Volume | |
Open interest | 98 |
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. Applied Materials has won big from the global semiconductor shortage over the past couple of years, consistently logging robust top- and bottom-line growth.
The tech sector lost its luster this year as rising interest rates sparked a rotation toward more conservative investments. Instead of blindly selling all of your tech stocks, you should simply stick with well-run blue-chip companies, which generate stable growth and plenty of cash while trading at reasonable valuations. Accenture is one of the world's largest IT service companies.
All four companies are down substantially from 52-week highs but have numerous growth opportunities. Data centers continue to be vital customers for semiconductor companies, and spending doesn't seem to be slowing down.