智通财经APP获悉，周五，应用材料(AMAT.US)盘前大涨逾11%，报366.0美元。业绩方面，尽管2026财 年第一季度营收同比小幅下滑2%至70.1亿美元，但降幅远小于该公司此前预期，并且显著强于华尔街 分析师们平均预期的约68.6亿美元。Non-GAAP 准则下的第一季度每股收益为2.38美元，高于2.21美元 的华尔街平均预期。值得一提的是，应用材料给出了出人意料的极度强劲营收预测区间，表明人工智能 与存储类半导体需求正在大幅推动台积电等芯片制造领军者们加速推进半导体高端制造设备采购。 应用材料预计，2026财年第二季度营收约为76.5亿美元，上下浮动范围约5亿美元，相比之下，华尔街 分析师们对于应用材料该财季(截至今年4月)的平均营收预期为70.3亿美元。据悉，随着3nm及以下先进 制程AI芯片扩产与CoWoS/3D先进封装产能、DRAM/NAND存储芯片产能扩张大举加速，应用材料这一 营收预期自今年以来被分析师们不断上调。 ...

应用材料预计，2026财年第二季度营收约为76.5亿美元，上下浮动范围约5亿美元，相比之下，华尔街 分析师们对于应用材料该财季(截至今年4月)的平均营收预期为70.3亿美元。据悉，随着3nm及以下先进 制程AI芯片扩产与CoWoS/3D先进封装产能、DRAM/NAND存储芯片产能扩张大举加速，应用材料这一 营收预期自今年以来被分析师们不断上调。 周五，应用材料(AMAT.US)盘前大涨逾11%，报366.0美元。业绩方面，尽管2026财年第一季度营收同比 小幅下滑2%至70.1亿美元，但降幅远小于该公司此前预期，并且显著强于华尔街分析师们平均预期的 约68.6亿美元。Non-GAAP准则下的第一季度每股收益为2.38美元，高于2.21美元的华尔街平均预期。 值得一提的是，应用材料给出了出人意料的极度强劲营收预测区间，表明人工智能与存储类半导体需求 正在大幅推动台积电等芯片制造领军者们加速推进半导体高端制造设备采购。 ...

Market Overview - U.S. stock futures showed mixed results as investors awaited key inflation data, which could influence the Federal Reserve's monetary policy [1][3] - The Dow Jones Industrial Average futures indicated a slight decline of about 0.16%, while S&P 500 futures were nearly flat, and Nasdaq 100 futures gained approximately 0.18% [2] Inflation Data Expectations - The January Consumer Price Index (CPI) report is anticipated to show a year-over-year inflation rate of 2.5%, a slight decrease from the previous month [3] - The core CPI, excluding food and energy prices, is also expected to increase by 2.5% year-over-year [3] - A softer inflation reading could support the case for potential interest rate cuts by the Federal Reserve later in the year [3] Recent Market Performance - All three major indexes closed lower, with the S&P 500 down by 1.6%, Nasdaq Composite down by 2%, and Dow Jones Industrial Average down by 1.3% due to concerns over artificial intelligence's impact on various industries [4] Earnings Reports and Market Movers - Applied Materials (AMAT) surged over 11% after reporting strong quarterly earnings and an optimistic forecast driven by demand for semiconductor manufacturing equipment [6] - Arista Networks (ANET) shares jumped more than 12% following a positive earnings report [6] - US Foods Holding (USFD) climbed 13.4% after releasing its fourth-quarter earnings and optimistic guidance for 2026 [7] - Equinix (EQIX) gained over 10% after analysts raised price targets following its earnings release and dividend increase [7] - On the downside, AppLovin (APP) fell nearly 20% due to mixed analyst reactions, while Cisco Systems (CSCO) dropped 12.3% despite better-than-expected results, and Pinterest (PINS) declined 14% after issuing a weak forecast [8] Global Market Sentiment - Asian markets traded lower, reflecting previous losses on Wall Street, while European indexes opened with mixed performance amid their own earnings reports [9] - Investors are also considering a new trade agreement between the United States and Taiwan aimed at reducing tariffs and boosting investment [9] Treasury and Oil Market - The 10-year Treasury yield remained stable at around 4.13% ahead of the inflation report [10] - WTI crude oil futures were trading higher, near $62.96 per barrel [10]

夸特罗奇指出："与同行类似，应用材料公司预计收入将呈现下半年占比更高的态势，基于晶圆厂当前 准备情况，这一态势或为2027年强劲表现奠定基础。人工智能仍作为需求增长核心驱动力，推动WFE 增长主要由前沿逻辑/晶圆代工(F/L)、DRAM/HBM及先进封装领域引领;同时，我们对ICAPS业务保持 稳定及中国市场的最新预期持积极态度——这有望助力应用材料公司在2026年WFE市场中跑赢市场。" Evercore ISI分析师马克·利帕西斯也对此印象深刻，并表示在该报告发布后，他预计应用材料公司与同 行阿斯麦、泛林集团和科磊之间的估值差距将会缩小。该分析师给予应用材料公司"跑赢大盘"评级，并 将其目标股价定为400美元。 利帕西斯在给客户的报告中写道："我们预计，随着WFE在2027年加速增长，以及应用材料公司受益于 DRAM+HBM和前沿F&L支出的加速，这一估值差距将缩小。" 智通财经APP获悉，周五，应用材料公司(AMAT.US)成为市场焦点，此前华尔街对其业绩指引表示赞 赏。截至发稿，该公司股价盘前交易中上涨近11%，而其他芯片设备类股，如泛林集团(LRCX.US)、阿 斯麦(ASML.US)和科磊(KLA ...

Market Overview - There was notable selling pressure in technology stocks, but concerns are not deemed significant at this time [1][2] - Seasonal factors and market positioning are contributing to current market dynamics [2] - Commercial real estate and financials experienced substantial declines, indicating potential headwinds for the market [2][3] Inflation and Economic Indicators - Analysts expect volatility surrounding the upcoming inflation print, with a wide range of expectations [3][4] - The market anticipates a month-over-month CPI increase of approximately 0.3%, while the Cleveland Fed projects only a 0.12% increase [3][4] - The Adobe Digital Price Index reported a 4% increase from December to January, adding to the inflationary concerns [3] Company Performance: Applied Materials - Applied Materials reported revenue of $7.01 billion, exceeding the street's expectation of $6.86 billion [5][6] - Adjusted earnings per share were $2.38, surpassing the expected $2.19 [5][6] - Year-over-year revenue showed a 2% contraction, but sales from China were better than expected, contributing 30% to overall revenue [6][7] - Strong demand for high bandwidth memory and equipment from major customers like Samsung supports positive outlook [7] Company Performance: Coinbase - Coinbase shares are slightly higher despite missing some street expectations, with adjusted earnings per share at 66 cents, above the expected 55 cents [10][11] - The company reported a significant loss of $249 million in GAP EPS, attributed to declining trading volumes in the cryptocurrency market [10][11] - The services business saw a 13.5% year-over-year increase, but remains a smaller revenue contributor [12] Company Performance: AET - AET shares rallied following quarterly results, with revenue of $2.549 billion, exceeding the street's expectation of $2.37 billion [14][15] - Adjusted earnings per share were 82 cents, beating the expected 75 cents [14][15] - Demand for networking equipment, particularly high-speed Ethernet switches, remains strong, indicating a positive trend for the company [15][16]

Market Movements - U.S. stock index futures are all down, with Dow futures down 0.37%, S&P 500 futures down 0.33%, and Nasdaq futures down 0.31% [1] - European indices also show declines, with Germany's DAX down 0.04%, UK's FTSE 100 down 0.01%, France's CAC40 down 0.36%, and the Euro Stoxx 50 down 0.43% [2] Oil Market - WTI crude oil is down 0.78% at $62.35 per barrel, while Brent crude is down 0.55% at $67.15 per barrel [2] - OPEC+ is leaning towards resuming oil production increases starting in April, with negotiations continuing before the March 1 meeting [2] Economic Data - The U.S. January Consumer Price Index (CPI) is expected to show a year-over-year increase slowing to 2.5%, down from 2.7% in December, marking the lowest level since May 2025 [4] - Both overall CPI and core CPI are expected to rise by 0.3% month-over-month, consistent with the previous month's increase [4] Software Sector - The software sector is experiencing significant sell-offs, but this presents a buying opportunity according to Byron Deeter from Bessemer Venture Partners, who notes that software stocks are in a state of severe overselling [5] - There is an anticipated divergence among software companies based on growth prospects and fundamentals, rather than a uniform market rebound [5] Interest Rates and Economic Outlook - JPMorgan suggests shorting two-year U.S. Treasuries, citing strong economic fundamentals that may hinder the Federal Reserve from making significant rate cuts [6] - The upcoming inflation report is expected to provide new insights into the Fed's future actions, with any signs of easing price pressures likely to boost demand for short-term bonds [6] Gold Market - ANZ Bank has raised its second-quarter gold price target to $5,800 per ounce, viewing the recent price pullback as a buying opportunity amid ongoing structural support [7] - Major Wall Street banks are showing a consensus bullish sentiment on precious metals, with Goldman Sachs targeting $5,400 and UBS and JPMorgan setting even higher targets of $6,200 and $6,300 respectively [7] Corporate Earnings - Applied Materials (AMAT) reported Q1 revenue of $7.01 billion, slightly down 2% year-over-year but above market expectations, with a positive outlook for Q2 revenue of approximately $7.65 billion [10][11] - Roku's Q4 revenue grew 16.1% year-over-year to $1.395 billion, exceeding expectations, with a positive outlook for the next quarter [10][11] - Airbnb's Q4 revenue reached $2.78 billion, up 12% year-over-year, also surpassing analyst expectations, with a positive growth forecast for 2026 [12] - Vale's Q4 revenue increased 9% to $11.06 billion, but the company reported a significant net loss due to asset impairments [13] - NatWest's Q4 pre-tax profit rose 30% to £1.94 billion, exceeding expectations, with plans to leverage AI for cost reduction and efficiency [14]

Market Movements - US stock index futures are all down, with Dow futures down 0.37%, S&P 500 futures down 0.33%, and Nasdaq futures down 0.31% [1] - European indices also show declines, with Germany's DAX down 0.04%, UK's FTSE 100 down 0.01%, France's CAC40 down 0.36%, and the Euro Stoxx 50 down 0.43% [2][3] - WTI crude oil is down 0.78% at $62.35 per barrel, while Brent crude is down 0.55% at $67.15 per barrel, amid OPEC+ discussions on potential production increases starting in April [3] Economic Data and Predictions - The US January Consumer Price Index (CPI) is expected to show a year-on-year increase slowing to 2.5%, down from 2.7% in December, marking the lowest level since May 2025 [5] - Both overall CPI and core CPI are anticipated to rise by 0.3% month-on-month, consistent with the previous month [5] Company News - Application Materials (AMAT.US) reported Q1 revenue of $7.01 billion, slightly down 2% year-on-year but above market expectations of $6.86 billion, with a Non-GAAP EPS of $2.38, exceeding the forecast of $2.21 [10][11] - Roku (ROKU.US) exceeded Q4 revenue expectations with a 16.1% year-on-year increase to $1.395 billion, and a GAAP EPS of $0.53, surpassing analyst consensus by 88.8% [11] - Airbnb (ABNB.US) reported Q4 revenue of $2.78 billion, up 12% year-on-year, exceeding analyst expectations, and provided an optimistic revenue outlook for 2026 [12] - Vale (VALE.US) reported Q4 revenue of $11.06 billion, up 9% year-on-year, but faced a significant net loss of $3.844 billion due to a $3.5 billion impairment on nickel assets [13] - NatWest (NWG.US) reported a 30% increase in pre-tax profit to £1.94 billion ($2.6 billion), exceeding analyst expectations, and plans to leverage AI for cost reduction and efficiency improvements [14]

Market Overview - All three major indexes are on track for their worst week since November due to AI-related concerns affecting various sectors, including brokerages and trucking [1] - U.S. stock index futures were trading flat after an AI-led selloff, with investors cautious ahead of inflation data that may influence the Federal Reserve's rate-cut outlook [9] Economic Indicators - The Consumer Price Index report for January is expected to show steady price increases, following a stronger-than-expected jobs report that raised concerns about prolonged interest rates [2] - Fed fund futures indicate a 70% chance of a rate cut in June and a total easing of 60 basis points this year [4] Company Performance - The S&P 500 and Dow dropped over 1% on Thursday, while the Nasdaq fell 2%. In premarket trading, Dow E-minis fell 103 points (0.21%), S&P 500 E-minis were down 6 points (0.09%), and Nasdaq 100 E-minis lost 9.25 points (0.04%) [5][6] - Applied Materials saw an 11.5% increase in premarket trading after forecasting second-quarter revenue and profit above Wall Street expectations [10] - Networking equipment provider Arista Networks gained 11% after forecasting annual revenue above expectations [8] Investment Trends - AI capital expenditures (capex) are a significant theme among the "Magnificent Seven" companies, with cumulative investments projected to reach approximately $650 billion [6][10] - Investors are increasingly demanding tangible returns as they react to fears of competition impacting certain sectors [10] - The upcoming earnings report from chip leader Nvidia is anticipated to be a critical test for the AI investment narrative [7][10] Trade Developments - The U.S. and Taiwan signed a reciprocal agreement confirming a 15% levy on imports from Taiwan while committing to eliminate or lower tariffs on nearly all U.S. goods [9][10] - U.S. President Donald Trump plans to reduce some tariffs on steel and aluminum goods, as reported by the Financial Times [9]

Core Viewpoint - Applied Materials' shares surged 11.7% in premarket trading due to strong demand for AI and a tightening memory market, leading to increased orders for chipmaking tools and a positive revenue forecast for Q2 [1] Company Summary - Applied Materials projected Q2 revenue of approximately $7.65 billion, exceeding analysts' average estimate of $7.01 billion, with an adjusted profit forecast of $2.64 per share compared to estimates of $2.28 [1] - CEO Gary Dickerson highlighted that the quarter's performance was driven by accelerated investments in AI computing, with demand for higher-performance and energy-efficient chips [1] - The company is positioned to benefit from the expansion of AI data centers and rising demand for high-bandwidth memory, which are tightening chip supply chains [1] Industry Summary - The semiconductor equipment market is expected to grow, with industry group SEMI forecasting a 9% increase in equipment sales to $126 billion by 2026 and a further 7.3% increase to $135 billion by 2027 [1] - Analysts noted that Applied Materials holds a leadership position in DRAM/HBM, Advanced Logic, and Packaging, benefiting from strong spending driven by generative AI [1] - The positive outlook for Applied Materials has also lifted shares of other chip-equipment stocks, including ASML, Lam Research, and KLA [1]

Core Viewpoint - Applied Materials shares have experienced significant growth, nearly doubling in the past 12 months, indicating strong market performance and investor confidence in the company as a key player benefiting from the artificial intelligence boom [1]. Company Performance - Following its recent earnings report, Applied Materials saw a sharp rise in stock price, reflecting positive investor sentiment and market reaction to its financial results [1]. - The company is positioned as a major beneficiary in the chipmaking equipment sector, which is experiencing increased demand due to advancements in artificial intelligence technologies [1]. Industry Context - The growth of Applied Materials is indicative of broader trends within the semiconductor and chipmaking equipment industry, where companies are capitalizing on the surge in AI-related investments and innovations [1].