<p><strong>应用材料</strong>（AMAT 3.08%）是上个月几家半导体设备公司中表现良好的公司之一，该公司以制造芯片和显示面板生产设备而闻名，受益于上个月的一些宏观经济和行业新闻。</p>
<p>尽管上个月没有关于应用材料的重大公司特定新闻，但相关信息足以推动其股价上涨 27%，根据 S&amp;P Global Market Intelligence 的数据。</p>
<p>从图表中可以看出，大部分涨幅发生在月中。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/9917d6f282a882c605c2126f3fec64e6.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/9917d6f282a882c605c2126f3fec64e6.png"/></p>
<p>AMAT 数据来源于 YCharts</p>
<h2>新的半导体繁荣</h2>
<p>虽然人工智能（AI）热潮推动了像 Nvidia 这样的股票实现了多倍收益，但半导体设备行业由于增长疲软和中国等地区的挑战，处于不同的周期，表现相对滞后。</p>
<p>然而，投资者对上个月行业传出的消息反应积极，表明半导体设备可能迎来新的支出周期。</p>
<p>首先，应用材料受益于美联储在 9 月 17 日的 25 个基点降息，以及对今年剩余时间内再降息两次的预测。半导体设备，如应用材料所销售的产品，通常非常昂贵，因此较低的利率应该使公司更容易借款，以便购买应用材料的产品。当天股价上涨了 2.6%。</p>
<p>在 <strong>Nvidia</strong> 和 <strong>Intel</strong> 宣布合作后，应用材料的股价在随后的交易中大幅上涨。此举帮助提升了应用材料及其半导体设备同行的股价，因为 Intel 是主要的晶圆厂，而 Nvidia 对 Intel 的 50 亿美元投资预计将推动对芯片设备的支出。这也改善了 Intel 的长期前景。当天股价上涨了 6.5%。应用材料是 Intel 的主要供应商，今年还获得了 Intel 的 EPIC 供应商奖。</p>
<p>最后，在 9 月 22 日，应用材料的股价在获得 <strong>摩根士丹利</strong> 的增持评级后上涨了 5.4%。该投资银行将其晶圆厂设备销售增长预测从 5% 上调至 10%，认为内存需求增加。因此，提升了对应用材料的每股收益预期。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY4NDQvc2VtaWNvbmR1Y3Rvci13YWZlci1iZWluZy1tYWRlLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY4NDQvc2VtaWNvbmR1Y3Rvci13YWZlci1iZWluZy1tYWRlLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>应用材料的下一步是什么？</h2>
<p><strong>美光</strong> 在月底发布的强劲财报似乎也提升了应用材料的前景。</p>
<p>与 <strong>ASML</strong> 一样，应用材料的业务实力没有受到质疑，但周期性需求是一个主要因素，因为其最近一个季度的收入仅增长了 8%。</p>
<p>尽管如此，关于 Intel 的消息和 AI 的广泛增长是令人鼓舞的。如果这种势头持续下去，应用材料还有上涨的空间。</p>

应用材料

摩根士丹利

<p>应用材料的股票在九月份上涨了 27%，这主要受到积极的宏观经济和行业新闻的推动。关键因素包括美联储的降息，这降低了半导体设备的借贷成本，以及英伟达与英特尔之间的合作公告，提升了对芯片设备支出的预期。此外，摩根士丹利将应用材料的评级上调至 “增持”，并提高了其销售增长预测。美光发布的强劲财报进一步增强了应用材料的前景，表明半导体行业有持续增长的潜力</p>

<p><strong>Applied Materials</strong>(AMAT 3.08%) was among several semiconductor equipment companies to gain last month, as the company, known for making equipment to produce chips and display panels, benefited from several macroeconomic and sector-level news items last month.</p>
<div class="lb-trans"><p><strong>应用材料</strong>（AMAT 3.08%）是上个月几家半导体设备公司中表现良好的公司之一，该公司以制造芯片和显示面板生产设备而闻名，受益于上个月的一些宏观经济和行业新闻。</p>
</div><p>While there was no major company-specific news out on Applied Materials last month, the related items were enough to drive the stock up 27%, according to data from S&amp;P Global Market Intelligence.</p>
<div class="lb-trans"><p>尽管上个月没有关于应用材料的重大公司特定新闻，但相关信息足以推动其股价上涨 27%，根据 S&amp;P Global Market Intelligence 的数据。</p>
</div><p>As you can see from the chart, much of the gains came in the middle of the month.</p>
<div class="lb-trans"><p>从图表中可以看出，大部分涨幅发生在月中。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/9917d6f282a882c605c2126f3fec64e6.png" alt="" original-src="https://media.ycharts.com/charts/9917d6f282a882c605c2126f3fec64e6.png"/></p>
<p>AMAT data by YCharts</p>
<div class="lb-trans"><p>AMAT 数据来源于 YCharts</p>
</div><h2>A new semiconductor boom</h2>
<div class="lb-trans"><h2>新的半导体繁荣</h2>
</div><p>While the artificial intelligence (AI) boom has propelled stocks like Nvidia to multibagger gains, the semiconductor equipment sector, which operates on a different cycle, has lagged behind due to weaker growth and challenges in areas like China.</p>
<div class="lb-trans"><p>虽然人工智能（AI）热潮推动了像 Nvidia 这样的股票实现了多倍收益，但半导体设备行业由于增长疲软和中国等地区的挑战，处于不同的周期，表现相对滞后。</p>
</div><p>However, investors responded positively to news out of the sector last month, indicating that a new spending cycle could be afoot in semiconductor equipment.</p>
<div class="lb-trans"><p>然而，投资者对上个月行业传出的消息反应积极，表明半导体设备可能迎来新的支出周期。</p>
</div><p>First, Applied Materials benefited from the Federal Reserve's 25-basis point rate cut on Sept. 17, and its forecast for two more cuts over the rest of the year. Semiconductor equipment, such as what Applied Materials sells, tends to be very expensive, so lower rates should make it easier for the company to borrow money so they can buy products from Applied Materials. The stock gained 2.6% that day.</p>
<div class="lb-trans"><p>首先，应用材料受益于美联储在 9 月 17 日的 25 个基点降息，以及对今年剩余时间内再降息两次的预测。半导体设备，如应用材料所销售的产品，通常非常昂贵，因此较低的利率应该使公司更容易借款，以便购买应用材料的产品。当天股价上涨了 2.6%。</p>
</div><p>Applied Materials then jumped the following session after <strong>Nvidia</strong> and <strong>Intel</strong> announced their partnership. The move helped boost Applied Materials and its semi equipment peers, since Intel is a major fab, and Nvidia's $5 billion investment into Intel was expected to fuel spending on chip equipment. It also improves Intel's prospects over the long term. The stock jumped 6.5% that day. Applied Materials is a major supplier for Intel, and even received Intel's EPIC Supplier Award this year.</p>
<div class="lb-trans"><p>在 <strong>Nvidia</strong> 和 <strong>Intel</strong> 宣布合作后，应用材料的股价在随后的交易中大幅上涨。此举帮助提升了应用材料及其半导体设备同行的股价，因为 Intel 是主要的晶圆厂，而 Nvidia 对 Intel 的 50 亿美元投资预计将推动对芯片设备的支出。这也改善了 Intel 的长期前景。当天股价上涨了 6.5%。应用材料是 Intel 的主要供应商，今年还获得了 Intel 的 EPIC 供应商奖。</p>
</div><p>Finally, Applied Materials jumped 5.4% on Sept. 22 after it received an upgrade to overweight from <strong>Morgan Stanley</strong>. The investment bank hiked its wafer fab equipment sales growth forecast from 5% to 10%, seeing increased demand in memory. As a result, it boosted EPS estimates for Applied Materials.</p>
<div class="lb-trans"><p>最后，在 9 月 22 日，应用材料的股价在获得 <strong>摩根士丹利</strong> 的增持评级后上涨了 5.4%。该投资银行将其晶圆厂设备销售增长预测从 5% 上调至 10%，认为内存需求增加。因此，提升了对应用材料的每股收益预期。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY4NDQvc2VtaWNvbmR1Y3Rvci13YWZlci1iZWluZy1tYWRlLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F836844%2Fsemiconductor-wafer-being-made.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>What's next for Applied Materials?</h2>
<div class="lb-trans"><h2>应用材料的下一步是什么？</h2>
</div><p>A strong earnings report from <strong>Micron</strong> toward the end of the month also seemed to boost Applied's prospects.</p>
<div class="lb-trans"><p><strong>美光</strong> 在月底发布的强劲财报似乎也提升了应用材料的前景。</p>
</div><p>Like <strong>ASML</strong>, Applied Materials' business strength hasn't been in question, but cyclical demand is a major factor, as revenue rose just 8% in its most recent quarter.</p>
<div class="lb-trans"><p>与 <strong>ASML</strong> 一样，应用材料的业务实力没有受到质疑，但周期性需求是一个主要因素，因为其最近一个季度的收入仅增长了 8%。</p>
</div><p>Still, the news around Intel and broader growth in AI is promising. If that momentum continues, Applied Materials has room to move higher.</p>
<div class="lb-trans"><p>尽管如此，关于 Intel 的消息和 AI 的广泛增长是令人鼓舞的。如果这种势头持续下去，应用材料还有上涨的空间。</p>
</div>

Why Applied Materials Stock Jumped 27% in September

- 应用材料公司 (Applied Materials) 上月股价上涨 27%。  
- 受益于美联储降息及英特尔与英伟达的合作消息。  
- 投资者对半导体设备新支出周期的预期积极。  

为什么应用材料的股票在九月份上涨了 27%