AMAT · News · 20261015N

Interest Rate Environment

APPLIED MATERIALS INC /DE · 2026-10-15 · Importance 15 · Surprise 14

September U.S. wholesale prices increased 1.3% month over month and 6.3% year over year, exceeding the 5.5% economist forecast. The inflation data pushed the 10-year Treasury yield above 5.27%, increasing borrowing costs. Higher benchmark rates could raise financing costs for debt-funded data-center expansion and increase scrutiny of semiconductor and AI-infrastructure spending, potentially affecting Applied Materials' end-market demand.

Key facts

• Shares of Applied Materials Inc. fell 3.72% on Thursday, closing at $430.01, marking the eighth consecutive day of losses for the stock. source
• Applied Materials was given a price target of $670.00, and Evercore ISI maintained a Buy rating with a $700.00 price target for Applied Materials. source
• Applied Materials was rated "Buy" by RBC Capital and Evercore ISI, leading to a "Strong Buy" consensus among analysts. source