Yahoo · Nov 13, 2026
Applied Materials Sinks 6% After Record Quarter as 10 Analysts Cut Targets; Morningstar Calls AI Worries “Overblown”
Key TakeawaysApplied Materials stock fell 6% today after a record quarter, as its revenue guide missed estimates and at least 10 firms cut their price targets. Management said supply limits held back the guide, and it sees wafer fab equipment spending up more than 30% in 2027.

