Applied Materials, Inc. (NASDAQ:AMAT) downgraded to Neutral with $175 price target from $200 by Mizuho analyst Vijay Rakesh. Intensifying competition in China and technology transitions are eroding market share. AMAT losing share in Sputtering/PCVD. China’s domestic suppliers gaining share, pressuring AMAT’s position. AMAT provides manufacturing equipment, services, and software to semiconductor, display industries. Looking for AI stock with upside potential? Check out free report on best short-term AI stock.

Read more at Yahoo Finance: Downgraded to Neutral as Competition Rises in China