Applied Materials (AMAT) Stock Outlook Before the December 1, 2025 Open: AI Boom, China Curbs and Fresh Forecasts
Applied Materials closed Friday near $252, just below its all-time high, after a UBS upgrade and strong institutional buying. The company reported record fiscal 2025 revenue of $28.37 billion, but faces U.S. export curbs on China expected to cut $600 million from 2026 sales. Wall Street’s average price target remains below current levels.