This article first appeared on GuruFocus .
Applied Materials ( NASDAQ:AMAT ) shares rose 4.7% to $334.27 at 10:30 a.m. ET on Friday, November 6, as chip equipment stocks rebounded and peer Lam Research unveiled a $25 billion buyback. Equipment makers were among Thursday's hardest-hit names. Friday's move signals that investors still believe wafer fab spending will hold up.
Applied's own test comes soon. The company will report fourth-quarter and full fiscal 2026 results on Thursday, November 12, with a call at 4:30 p.m. ET. With a market value of about $265 billion, Applied is one of the largest suppliers to the AI chip build-out, and its outlook will show whether customers are pausing orders after the midterm data center scare.
The GuruFocus chart shows a GF Score of 95/100, with Profitability at 10/10 and Financial Strength at 8/10, while Momentum sits at 6/10 and GF Value at 5/10. Shares trade about 28% above a GF Value of $261.59 and near 29 times earnings. Guidance on November 12 will decide whether that premium holds.
