AMAT · APPLIED MATERIALS INC

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Applied Materials, Inc. provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries in the United States, China, Korea, Taiwan, Japan, Southeast Asia, Europe, and internationally. The company operates through Semiconductor Systems and Applied Global Services (AGS) segments. The Semiconductor Systems segment includes semiconductor capital equipment to enable materials engineering steps, including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation.

Close · 3M

+4.52%

Held by 4 AI ETFs

AMOM1.220%

as of Sep 2

PQUS0.730%

as of Sep 1

LQAI0.150%

as of Sep 2

AIEQ0.050%

as of Sep 4

Signal performance

Each tracked ETF's moves on this stock, grouped by fund. Returns are measured from the signal date to the latest close — hypothetical, no commissions or slippage.

Buy signals10

Win rate0% (0/10)

Avg buy return-15.43%

AMOMnow 1.220% of fund17 signals

AMOM · Weight decrease · 7d

weight 2.620% → 1.220% (-1.400 pp)·stock down 19.8% in the 30 days before

Sep 2·entry $438.46·now $435.91

-0.58%

since Sep 2

AMOM · Weight decrease · 6d

weight 2.620% → 2.380% (-0.240 pp)·stock down 14.7% in the 30 days before

Sep 1·entry $441.85·now $435.91

-1.34%

since Sep 1

AMOM · Weight decrease · 5d

weight 2.620% → 2.440% (-0.180 pp)·stock down 9.7% in the 30 days before

Aug 31·entry $458.39·now $435.91

-4.90%

since Aug 31

AMOM · Weight decrease · 4d

weight 2.620% → 2.470% (-0.150 pp)·stock down 8.0% in the 30 days before

Aug 28·entry $461.67·now $435.91

-5.58%

since Aug 28

AMOM · Weight decrease · 3d

weight 2.620% → 2.530% (-0.090 pp)·stock up 10.5% in the 30 days before

Aug 27·entry $482.36·now $435.91

-9.63%

since Aug 27

AMOM · Weight decrease · 2d

weight 2.620% → 2.540% (-0.080 pp)·stock up 0.7% in the 30 days before

Aug 26·entry $479.76·now $435.91

-9.14%

since Aug 26

AMOM · Weight decrease · 2d

weight 2.710% → 2.610% (-0.100 pp)·stock down 12.1% in the 30 days before

Aug 19·entry $496.17·now $435.91

-12.15%

since Aug 19

AMOM · Weight decrease · 2d

weight 2.830% → 2.590% (-0.240 pp)·stock down 9.6% in the 30 days before

Aug 14·entry $507.18·now $435.91

-14.05%

since Aug 14

AMOM · Accumulation · 5d

weight 2.430% → 2.830% (+0.400 pp)·stock down 8.0% in the 30 days before

Aug 12·entry $548.15·now $435.91Fresh

-20.48%

since Aug 12

AMOM · Accumulation · 5d

weight 2.230% → 2.780% (+0.550 pp)·stock down 8.7% in the 30 days before

Aug 11·entry $525.61·now $435.91Fresh

-17.07%

since Aug 11

AMOM · Accumulation · 5d

weight 2.370% → 2.780% (+0.410 pp)·stock down 13.3% in the 30 days before

Aug 10·entry $522.12·now $435.91Fresh

-16.51%

since Aug 10

AMOM · Accumulation · 5d

weight 2.520% → 2.880% (+0.360 pp)·stock down 8.4% in the 30 days before

Aug 7·entry $539.14·now $435.91Fresh

-19.15%

since Aug 7

AMOM · Weight increase · 4d

stock down 7.5% in the 30 days before

Aug 6·entry $527.48·now $435.91Fresh

-17.36%

since Aug 6

AMOM · Weight increase · 3d

stock down 14.1% in the 30 days before

Aug 3·entry $518.21·now $435.91Fresh

-15.88%

since Aug 3

AMOM · Weight increase · 2d

stock down 22.0% in the 30 days before

Jul 31·entry $507.67·now $435.91Fresh

-14.14%

since Jul 31

AMOM · Weight decrease · 3d

stock down 37.2% in the 30 days before

Jul 29·entry $436.45·now $435.91

-0.12%

since Jul 29

AMOM · Weight decrease · 2d

stock down 24.0% in the 30 days before

Jul 28·entry $476.46·now $435.91

-8.51%

since Jul 28

PQUSnow 0.730% of fund6 signals

PQUS · Weight decrease · 2d

weight 0.770% → 0.730% (-0.040 pp)·stock down 8.0% in the 30 days before

Aug 30·entry $458.39·now $435.91

-4.90%

since Aug 30

PQUS · Weight decrease · 2d

weight 0.850% → 0.790% (-0.060 pp)·stock down 12.5% in the 30 days before

Aug 21·entry $492.32·now $435.91

-11.46%

since Aug 21

PQUS · Weight decrease · 3d

weight 0.920% → 0.800% (-0.120 pp)·stock down 9.6% in the 30 days before

Aug 16·entry $535.31·now $435.91

-18.57%

since Aug 16

PQUS · Weight decrease · 2d

weight 0.920% → 0.840% (-0.080 pp)·stock down 9.6% in the 30 days before

Aug 15·entry $535.31·now $435.91

-18.57%

since Aug 15

PQUS · Weight increase · 2d

weight 0.810% → 0.940% (+0.130 pp)·stock down 8.4% in the 30 days before

Aug 8·entry $522.12·now $435.91Fresh

-16.51%

since Aug 8

PQUS · Weight increase · 2d

stock down 22.0% in the 30 days before

Aug 2·entry $518.21·now $435.91Fresh

-15.88%

since Aug 2

LQAInow 0.150% of fund2 signals

LQAI · Weight decrease · 2d

weight 0.190% → 0.170% (-0.020 pp)·stock down 9.6% in the 30 days before

Aug 14·entry $507.18·now $435.91

-14.05%

since Aug 14

LQAI · Weight decrease · 3d

stock down 37.2% in the 30 days before

Jul 29·entry $436.45·now $435.91

-0.12%

since Jul 29

AIEQnow 0.050% of fund3 signals

AIEQ · New entry · 1d

weight 0 → 0.050% (new)·stock down 14.7% in the 30 days before

Sep 1·entry $441.85·now $435.91Fresh

-1.34%

since Sep 1

AIEQ · Exit · 1d

stock down 22.0% in the 30 days before

Aug 2·entry $518.21·now $435.91

-15.88%

since Aug 2

AIEQ · Weight decrease · 2d

stock down 30.6% in the 30 days before

Jul 30·entry $501.77·now $435.91

-13.13%

since Jul 30

Sell signals show what the stock did after the AI exited. A negative number means the AI's exit was well-timed.

Buffett-style framework

Too hard to callas of Aug 16

Some AI ETFs like AMOM are showing a gradual accumulation trend for Applied Materials, while PQUS exhibits mixed signals, and AIEQ has recently exited. This contrasts with the framework's 'Too Hard' verdict, which suggests the company's long-term predictability issues make it unsuitable for a Buffett-style investment, regardless of perceived current value or momentum.

Circle of CompetenceThe highly cyclical and technologically dynamic nature of the semiconductor equipment industry makes it difficult to reliably project long-term unit economics and cash flows for a decade.
Economic MoatCannot assess economic moat as the business predictability falls outside the circle of competence.
ManagementCannot assess management quality as the business predictability falls outside the circle of competence without further data on candor, capital allocation, and incentives.
Financial HealthCannot assess financial health rigorously without more comprehensive data on historical ROE, operating margins, debt structure, and owner earnings, and as the business predictability falls outside the circle of competence.
Margin of SafetyCannot assess margin of safety as intrinsic value cannot be reliably estimated given the unpredictable nature of the business and the high current valuation metrics.

Applied Materials operates in the highly cyclical and technologically dynamic semiconductor equipment industry, making its long-term cash flows too unpredictable for a sound investment within this framework. Consequently, the company falls outside the circle of competence, precluding further evaluation of its moat, management, financials, or margin of safety. This results in a 'Too Hard' verdict, indicating it is a business difficult to analyze with the required long-term predictability.

Educational interpretation generated by AI applying frameworks Warren Buffett documented in his shareholder letters and other public writings. Not a statement by Mr. Buffett or Berkshire Hathaway, and not investment advice.