Applied Materials trades higher as trade war gets put on hold
Applied Materials, Inc. (AMAT) is up 2.8% Monday morning. The company generates more than 80% of its revenues from the APAC region, and as such is trading higher on news that the U.S. and China had decided to put their trade war “on hold” while negotiations continue.
Applied Materials, Inc. (AMAT) manufactures semiconductors.
Sears Holdings Corporation (SHLD) and Micron Technology, Inc. (MU) top the list of other companies with positive news today, while Fifth Third Bancorp (FITB) and AK Steel Holding Corporation (AKS) top the list of companies with negative news.
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About Applied Materials Inc.
Applied Materials is one of the world's largest suppliers of semiconductor manufacturing equipment, providing materials engineering solutions to help make nearly every chip in the world. The firm's systems are used in every process step with the exception of lithography. Key tools include those for chemical and physical vapor deposition, etching, chemical mechanical polishing, wafer- and reticle-inspection, critical dimension measurement, and defect-inspection scanning electron microscopes.