8-K filing — ACM Research, Inc. (ACMR)
Filed: 2026-09-30 AccNo: 0001628280-26-063896 Size: 157 KB Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
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Filed: 2026-09-30 AccNo: 0001628280-26-063896 Size: 157 KB Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
Applied Materials stock fell 7% on investor day, its sixth straight loss. Cantor Fitzgerald kept an $850 target, implying 85% upside.
Applied Materials presented its 2030 growth targets at SEMICON West, expecting wafer fab equipment spending to grow faster than the past decade. The company targets 54% non-GAAP gross margin and 40% non-GAAP operating margin by 2030, with plans to gain over 2 percentage points of WFE market share. Applied is investing $5 billion in its new EPIC Center in Silicon Valley and doubling R&D lab and manufacturing capacity by 2030 to capitalize on AI infrastructure expansion.
Chip stocks sold off after a 5% KOSPI plunge, with Micron and Applied Materials sinking, while J&J fell despite a guidance raise.
Options traders expect earnings-driven swings in seven stocks reporting Wednesday, including Fastenal, ASML, BlackRock, State Street, Morgan Stanley, Progressive and Bank of America.