
Applied Materials Fell 11% Last Month: A Prominent Wall Street Pro Predicts 70% Gains Moving Forward
Applied Materials (NASDAQ:AMAT | AMAT Price Prediction) currently trades at $534.24, while the average Wall Street price target sits at $629.09.
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Applied Materials (NASDAQ:AMAT | AMAT Price Prediction) currently trades at $534.24, while the average Wall Street price target sits at $629.09.

(See Glossary for Defined Terms) TORONTO, Aug. 05, 2026 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE/TSX: MUX) (“McEwen” or the “Company”) today announced its second quarter financial results for the period ended June 30, 2026 (Q2). In addition, the Company is providing an update on its development projects that are forecasted to increase annual production to 250,000 – 300,000 GEOs by 2030 and new exploration results that have intersected very encouraging high grades at the Grey Fox Project, part of the Fox Complex (97.7 gpt gold over 4.4 meters, 64.8 gpt gold over 3.3 meters and 32.5 gpt gold over 5.2 meters) and Tartan Mine Project (17.8 gpt gold over 15.9 meters and 29.1 gpt gold over 10.0 meters).

Samsung Electronics and SK Hynix fell sharply on Thursday, reversing Wednesday's rebound and reinforcing concerns that South Korea's artificial-intelligence trade is becoming a volatility machine. SK Hynix plunged 6.95%, Samsung Electronics fell 2.44% and the Kospi lost 3.64%, sharply reversing Wednesday's gains of about 6%, 3% and 4%.

At $534, Applied Materials (NASDAQ:AMAT | AMAT Price Prediction) is a Buy for investors willing to underwrite binary event risk into the August 13 earnings report.

LifeMD NASDAQ: LFMD reported second-quarter revenue of $47.3 million, within its prior guidance range, while posting an adjusted EBITDA loss of approximately $3.5 million as elevated customer acquisition costs and a lower introductory price for branded GLP-1 care pressured profitability.

TORONTO--(BUSINESS WIRE)--Celestica Inc. (NYSE: CLS) (TSX: CLS) (“Celestica” or the “Company”), a global leader in data center infrastructure and advanced technology solutions, today announced the pricing of its previously announced equity offering of 9,677,419 common shares at a price to the public of $310 per share (the “Offering”). The gross proceeds from the Offering, before underwriting discounts and Offering expenses, are expected to be $3,000,000,000. Celestica has granted the underwrite.

You signed the papers, handed over the keys, and watched the wire hit your account.

Myomo, Inc. (MYO) Q2 2026 Earnings Call Transcript

Everus Construction Group delivered a standout Q2 2026, with GAAP EPS of $1.64, beating estimates by 44% and driving the stock up 6%. ECG raised FY 2026 revenue and EBITDA guidance, fueled by robust data center demand, strong execution, and a 41% YoY backlog increase to $4.55 billion. Recent acquisitions (Epsilon Industries, SE&M Constructors) expand ECG's modular and MEP capabilities, while net debt remains conservative at $120 million (0.3x leverage).

Tech market cycles typically reward early physical builders, but long-term economic rewards often migrate to the software application layer. Just as networking hardware, PC chips, and mobile handsets eventually ceded margin dominance to Microsoft and Google, today's foundational AI infrastructure may ultimately empower top-tier software platforms as well.

I upgrade Palantir to Buy, as Q2 results provide strong medium-term revenue visibility and mitigate near-term AI commoditization risks. PLTR's Q2 revenue growth (~19% sequentially) and raised full-year guidance ($8.15b) reduce downside risk and support consensus estimates through 2027. US commercial revenue acceleration (~149% YoY) demonstrates resilience against AI commoditization, while high net dollar retention (157%) underpins forward growth.

Gerdau S.A. (GGB) Q2 2026 Earnings Call Transcript

Chime Financial, Inc. (CHYM) Q2 2026 Earnings Call Transcript

FRP Holdings, Inc. (FRPH) Q2 2026 Earnings Call Transcript

SAN FRANCISCO, Aug. 05, 2026 (GLOBE NEWSWIRE) -- National shareholder rights firm Hagens Berman is actively investigating claims in a pending securities class action alleging securities law violations at Black Rock Coffee Bar, Inc. (NASDAQ: BRCB). The suit alleges the company and its senior executives provided false and misleading information to investors regarding the efficacy of its expansion strategy during its September 2025 Initial Public Offering (IPO) and throughout the subsequent months.