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Applied Materials shares decline as company names new CFO

Mar. 07, 2022 1:32 PM ETApplied Materials, Inc. (AMAT) StockAMD, INTCBy: Chris Ciaccia, SA News Editor7 Comments

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  • Amid a broader market sell-off, Applied Materials (NASDAQ:AMAT) shares fell more than 4% on Monday as the chip equipment maker announced that Brice Hill would be its new finance chief.
  • Hill, 55, comes to Applied Materials (

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Comments (7)

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HardCovenant profile picture
AMAT are they receiving a Russia export control order?
Russia goes to war as rice sack falls over in China.
If the headline news was "Needles, California has announced that a new Dog Catcher has been selected", I think it's safe to assume that AMAT would still be down 4% today.
looks like all the market was affected by this appointment
Misleading title implies causation rather than coincidence. Sounds like the new guy is a perfect fit: smart enough to leave Intel to join Xilinx where he obviously did well. Probably knows where the bodies are buried at Intel as well as Altera, and what mistakes to avoid as AMD and Xilinx combine, not to mention where the ucrative customers are at Xilinx, Altera, and Intel.
This is negative? The company has such a low PE now it’s ridiculous. No matter the economy, semi demand will only increase. New fabs will have to keep opening just to keep up with demand thanks to Moore’s law.

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