Citic Adjusts Price Target on Applied Materials to $228 From $249, Maintains Buy Rating

Applied Materials, Inc. launched the MAX OLED solution, a patented OLED pixel architecture and groundbreaking display manufacturing technology.

This solution aims to bring the high-quality OLED displays found in premium smartphones to tablets, PCs, and eventually TVs.

OLED is the preferred display technology for top smartphone manufacturers due to its exceptional display quality, lightweight, flexible form factors, and durability.

However, scaling OLED display production for the larger glass panels used in tablets, PCs, and TVs has been a challenge—until now.

Applied’s MAX OLED solution simplifies the scaling of OLED manufacturing from Gen 6 to Gen 8 glass substrates, which are about twice as large, and beyond.

It also introduces a new method for depositing OLED materials, enhancing pixel brightness and resolution, reducing energy consumption, and extending the display’s lifespan.

The MAX OLED solution has generated strong customer interest, with repeat orders from several top display manufacturers.

Applied will also supply an alpha system to Samsung Display, a global leader in OLED and QD-OLED panels, for evaluation of this new technology.

Ross Young, Co-founder and CEO of Display Supply Chain Consultants (DSCC), said, “Applied Materials has developed a true breakthrough in OLED manufacturing technology that will enable better OLED displays at more attractive prices,”

“This technology has the potential to accelerate OLED adoption in a range of markets, from tablets and PCs to automobiles and micro-displays for AR/VR, creating a catalyst for the entire display industry.”

Investors can gain exposure to the stock via First Trust Nasdaq Semiconductor ETF and Pacer BlueStar Engineering the Future ETF .

Price Action: AMAT shares are up 0.90% at $172.03 at the last check Thursday.

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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

As President-elect Donald Trump prepares to return to the White House, renowned economist Mohamed El-Erian is cautioning against media oversimplification of the incoming administration’s proposed tariff strategies.

What Happened: In a recent statement on X, El-Erian highlighted the intricate nature of Trump’s tariff discussions, noting that the proposed economic policies encompass at least three complex economic stages influenced by multiple factors, including trade flows, corporate pricing strategies, and geopolitical considerations.

El-Erian’s core message remains clear: Trump’s tariff debate requires sophisticated, nuanced analysis that transcends simplistic narratives. “The issue is quite complex,” he emphasized, underscoring the need for comprehensive economic understanding beyond headline rhetoric.

Trump’s proposed economic blueprint, which includes a universal tariff of up to 20% on imports and potentially up to 60% on Chinese goods, has sparked intense economic debate. Tech investor Peter Thiel suggests these tariffs could significantly impact Chinese companies while causing minimal disruption to U.S. consumers.

See Also: Bitcoin Hits $95K For The First Time Ever, Ethereum, Dogecoin Flat As Trump’s Crypto Policy Takes Shape: Top Analyst Describes BTC’s Path To $135K

Why It Matters: Goldman Sachs economist David Mericle warns that Trump’s proposed universal tariff could push inflation back to 3%, potentially complicating Federal Reserve monetary strategies.

The National Retail Federation estimates Trump’s tariff proposals could reduce annual consumer spending by $78 billion.

Prominent business leaders have voiced concerns. Citadel LLC CEO Ken Griffin described Trump’s proposed tariffs as a “long, slippery slope” that could hamper U.S. global competitiveness.

Retailers like AutoZone and Columbia Sportswear have signaled potential price increases that would be passed directly to consumers.

"Tariffs would create a headwind to the performance of stocks with high international revenue exposure due to the risk of retaliatory tariffs and heightened geopolitical tensions," Goldman Sachs analyst David Kostin stated.

Goldman Sachs noted that U.S. stocks with domestic sales focus outperformed those with international exposure by 1 percentage point the day after Trump's election and by 4 pp in the following month but underperformed by 9 pp in the next 12 months.

Key stocks in its Domestic Sales Basket include CVS Health Corp. , Wells Fargo & Co. , T-Mobile US Inc. , Verizon Communications Inc. , Lowe's Cos. Inc. , Intuit Inc. , and Union Pacific Corp. .

The International Sales Basket includes Meta Platforms Inc. , Broadcom Inc. , Visa Inc. , Mastercard Inc. , QUALCOMM Inc. , Netflix Inc. , McDonald's Corp. , Philip Morris Intl , Applied Materials Inc. , and Intel Corp. .

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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.