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Applied Materials (AMAT) Slid Due To A Prospective Trend Of Capital Expenditure Cuts in Memory Spending

By Yahoo! Finance   |   1 year ago
Applied Materials (AMAT) Slid Due To A Prospective Trend Of Capital Expenditure Cuts in Memory Spending

Parnassus Investments released their Q3 2024 investor letter for the Parnassus Core Equity Fund, reporting a 5.50% return, slightly below the S&P 500. They highlighted Applied Materials, Inc. as a key stock pick despite market pressures on semiconductor spending.

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