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Applied Materials (AMAT) beat Q2 estimates and raised its outlook as the demand for advanced semiconductor manufacturing equipment reaches new heights. RBC Capital boosted its price target to $520, citing over 30% systems growth through 2026. Management has added 10 new fab projects to its pipeline, with visibility extending into 2028 as the industry scales infrastructure for agentic AI workloads. Despite the bullish guidance, Seeking Alpha’s Quant Rating remains a Hold as analysts evaluate the company's valuation ahead of the 2027 cycle.
Check out the full analysis on Seeking Alpha for more stock ratings and financial news.
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