PXDAILY PXS
Edge Compute & Control Silicon

Research snapshot · 6/26/26

AMATApplied Materials

GAA and backside power delivery | Advanced deposition - etch - CMP - thermal process tools

Open AMAT in Robinhood ↗
WATCH
Conviction●●●○○3 of 5
Research target650Snapshot target
Thesis statusINTACTLast reviewed 6/26/26
Market cap465.09BSnapshot value
The thesis

Digital Infra/AI HW → Semicap equipment toll road: every advanced fab needs AMAT tools

Catalysts

Record Q $7.91B; 2026 WFE >30% growth forecast; Q3 guide $8.95B (beat consensus); AI-driven node complexity (2nm, HBM, GAA)

What breaks it

AI capex hard-landing; hyperscaler pause; China export controls escalate

Social sentiment

X: semicap engineers confirm AMAT tools as mandatory for advanced node; no retail froth

Snapshot · 6/26/26
Smart money

🟡 Mixed · ins-$81.4M · 13F 13+/12- · short↓0.17

Snapshot · 6/26/26