Applied Materials tipped to buy and Alibaba to sell before earnings
Updated
Updated · Investing.com · May 10
Applied Materials tipped to buy and Alibaba to sell before earnings
8 articles · Updated · Investing.com · May 10
Applied Materials reports on Thursday, with analysts expecting $2.68 a share on $7.68bn revenue, while Alibaba is seen posting ¥7.11 a share on ¥247.2bn revenue.
The call cites strong AI-driven demand for semiconductor equipment boosting Applied Materials, while Alibaba faces margin pressure, weaker core growth, intense Chinese competition and regulatory uncertainty.
The picks come as US stocks hit fresh highs and investors prepare for US inflation, producer prices and retail sales data, plus US-Iran developments and a Trump-Xi meeting in Beijing.
With AI stocks soaring amid war and inflation risks, is the market ignoring an impending economic storm?
As one AI giant thrives and another falters, what does this reveal about the future of the global tech industry?
Can Trump and Xi's summit cool the AI arms race, or will it only intensify the global tech divide?