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Erste Group Upgrades Applied Materials (AMAT) on AI-Driven Semiconductor Investment

2026-04-29 02:48:50

Erste Group upgraded Applied Materials (AMAT) to Buy from Hold, citing significant investment in AI-driven semiconductors. Applied Materials has seen strong year-to-date gains and projects increased revenue and EPS for the next quarter. The company, a provider of materials engineering solutions for the semiconductor industry, anticipates continued growth through 2027.

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