Bank of America, Johnson & Johnson, Six Flags Entertainment, Citigroup and Applied Materials: Why These 5 Stocks Are on Investors' Radars Today
BAC, JNJ, FUN, C, AMAT were among the stocks seen trending among investors on Tuesday, Oct. 13, 2026.
Stocks · News reference
Chip stocks sold off after a 5% KOSPI plunge, with Micron and Applied Materials sinking, while J&J fell despite a guidance raise.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
BAC, JNJ, FUN, C, AMAT were among the stocks seen trending among investors on Tuesday, Oct. 13, 2026.
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.
The article predicts that Advanced Micro Devices (AMD) and SK Hynix will overtake Micron Technology in market value over the next five years. AMD is benefiting from strong AI data center demand with accelerating revenue growth and expanding market share in server processors and GPUs. SK Hynix offers a cheaper valuation at 11x earnings versus Micron's 25x, while maintaining stronger market share in high-bandwidth memory (50% vs 18%) and higher projected earnings growth (82% vs 65%), with potential to reach $669 per share by 2028.
Fermi (FRMI) stock surged 18% after partnering with AMD for credit support on its 222 MW Project Matador AI power campus in Texas.