Applied Materials Plagued by Supply Chain, But Demand Strengthens | AMAT Stock
Coming off its first EPS miss in over five years, Applied Materials (AMAT) returned to form in Q1 2022, delivering a familiar top and bottom-line beat. The upside performance is a welcomed change from last quarter, but the underlying storyline remains much the same. Specifically, ongoing supply chain issues are preventing Applied Materials from fully capturing robust demand from semiconductor producers. As a developer of semiconductor manufacturing equipment, Applied Materials is exposed to shortages of silicon components that are used to make its systems.
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