Applied Materials Sales Concerns; TSMC-Huawei News; Rumble-Perplexity Partnership TEXT
On this episode of Stock Movers:- Applied Materials (AMAT) shares are lower after warning an expansion of rules that restrict the export of its products to China will take another chunk out of its revenue. The US Commerce Department’s Bureau of Industry and Security has issued a new rule this week that widens the range of companies subject to export restrictions, Applied Materials said in a regulatory filing Thursday. The company expects that to cost it $600 million in lost revenue in fiscal 2026, which runs through next October.- TSMC (TSMC) is rallying on news Huawei's Ascend AI…
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