SeventyFour/iStock via Getty Images KLA Corp. (NASDAQ:KLAC) and Applied Materials (NASDAQ:AMAT) are Wells Fargo’s favorite semiconductor equipment stocks, even as the broader sector hits all-time highs, resulting in another “tough” earnings set up. “We [continue] to prefer KLA & AMAT; high bookings expects leave us to wait for post EPSContinue Reading
Wells Fargo Investment Institute (WFII) expects companies in the Industrials and Materials sectors to contribute to artificial intelligence (AI) related infrastructure build out, adding that the generative AI push will positively support these sectors even in a slower growth-based economy. “While both of these sectors are traditionally very tied toContinue Reading
MF3d Solidion Technology (NASDAQ:STI) Tuesday unveiled its plan to begin expanding the production capacity of silicon-rich graphene composite materials in early 2025. Solidion Technology (STI) said that it has established a Dayton, Ohio-based facility for manufacturing silicon oxide (SiOx) and silicon (Si). The Solidion team is ready to expand the productionContinue Reading
shapecharge Though SPDR material-focused ETF (NYSEARCA:XLB) managed to gain just 4.79% through 2024 against the broad-based index ETF (SPY) of 15.08%, almost 80% of the tickers in the sector ETF managed to peak in value over the last year. From the end of 2023 through June 20, 22 of theContinue Reading
