Applied Materials Q3 Preview: Stock Up 105% YTD, but Down 25% From June All-Time Highs, What Happens Next

Applied Materials (AMAT) is set to release its Q3 earnings, with analysts expecting record revenue of $9.00 billion and EPS of $3.39. Despite a 105% year-to-date increase, the stock is down 25% from its June all-time highs. Analysts maintain "Buy" ratings with price targets up to $740, highlighting the company's strong position in the semiconductor industry and its AI-related potential.