Applied Materials shares are trading lower despite reporting better-than-expected Q3 financial results and issuing Q4 adjusted EPS and sales guidance above estimates. B of A Securities lowered its price target on the stock from $720 to $650 and B. Riley Securities lowered its price target From $790 to $700.

Mizuho Maintains Outperform on Applied Materials, Lowers Price Target to $590

Mizuho analyst Vijay Rakesh maintains Applied Materials (NASDAQ:AMAT) with a Outperform and lowers the price target from $650 to $590.

Applied Materials Sees Years Of AI-Fueled Growth Ahead

Applied Materials positions for strong growth as AI drives 80% of chip equipment demand. JPMorgan reiterates an Overweight rating.

A 10-Year Treasury Bond Now Pays More Than 118 Of America's Biggest Companies

Only 3.85% of S&P 500 stocks now yield more than the 10-year Treasury, the lowest since May 2007. Benzinga found 118 mega-caps that pay less.

Shares of semiconductor companies are trading lower amid concerns that OpenAI's Q2 earnings may weigh on AI growth. Today's Fed minutes revealed that many participants assessed that higher rates would likely be necessary if inflation did not fall.