Aster Capital Management DIFC Ltd significantly reduced its stake in Applied Materials (NASDAQ:AMAT) by selling 19,241 shares, reflecting a 93.3% decrease in its holdings. Despite this, analyst sentiment remains largely positive, with several firms raising price targets and Morgan Stanley reiterating a bullish outlook, driven by strong earnings and anticipated demand from AI and memory technologies. However, insider selling and short-term market volatility due to sector-wide sell-offs after Nvidia’s earnings have also been noted.
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Aster Capital Management DIFC Ltd Sells 19,241 Shares of Applied Materials, Inc. $AMAT
Aster Capital Management DIFC Ltd significantly reduced its stake in Applied Materials (NASDAQ:AMAT) by selling 19,241 shares, reflecting a 93.3% decrease in its holdings. Despite this, analyst sentiment remains largely positive, with several firms raising price targets and Morgan Stanley reiterating a bullish outlook, driven by strong earnings and anticipated demand from AI and memory technologies. However, insider selling and short-term market volatility due to sector-wide sell-offs after Nvidia’s earnings have also been noted.