Sep. 18 at 4:51 PM
$AMAT doesn't sell chips. It sells the equipment to the people building the factories that make the chips.
That's a completely different business. What matters isn't chip demand this quarter, it's what capex budgets look like three years out. And capex gets financed, so a higher rate raises the hurdle on every project its customers are considering.
Two rate hikes this week, one here and one in Japan.
What's it worth? 👇
https://techdamentals.com/v/AMAT
Educational, not advice.
