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AMAT vs FORM
Which Stock Would AI Choose? Applied Materials (AMAT) vs. FormFactor (FORM) Stock Comparison
Key Takeaways
- AMAT is a diversified semiconductor equipment leader with a market value near $264 billion, while FORM is a much smaller probe card and test-systems specialist valued near $8 billion.
- Both companies are leveraged to AI infrastructure spending, but AMAT spans broad wafer fab equipment demand, whereas FORM is more concentrated in advanced testing and high-bandwidth memory (HBM).
- AMAT guided for a record quarter with revenue up roughly 51% year over year, while FORM posted record results but guided to more modest sequential growth as capacity constraints emerge.
- Both stocks pulled back sharply in a recent AI and data-center selloff, yet AMAT carries a broader analyst consensus and greater business diversification.
- Tickeron AI Verdict: AMAT — favored for its scale, diversification, and steadier positioning relative to FORM.
- For more detail on each name, explore AMAT Major News and AMAT Today's Price Move, as well as FORM Major News and FORM Today's Price Move.
- To see which strategies are performing best in current conditions, explore Trending AI Robots.
Introduction
Applied Materials and FormFactor both sit in the semiconductor supply chain, but they occupy very different positions within it. Applied Materials is a large-cap maker of the deposition, etching, and polishing equipment used to fabricate chips, while FormFactor produces wafer probe cards and test systems used to validate advanced chips before they are packaged. Because both businesses are closely tied to the same AI infrastructure and high-performance computing trends, a side-by-side comparison helps investors understand how scale, diversification, and momentum differ between a diversified equipment giant and a focused testing specialist. This stock comparison examines recent relative performance and market positioning across the two names.
AMAT Overview and Recent Performance
Applied Materials (AMAT) is one of the world's largest suppliers of wafer fab equipment (WFE), the machinery used to build semiconductors across leading-edge logic, DRAM (dynamic random-access memory), and advanced packaging. In its most recent reported quarter, revenue rose about 25% year over year to a record, driven by AI-related demand for high-bandwidth memory and foundry logic. Management guided the following quarter to roughly $10.25 billion in revenue, implying growth of about 51% year over year.
In recent weeks, however, the stock has pulled back sharply as part of a broader selloff across chip-equipment names, with investors reassessing AI data-center spending after the U.S. midterm elections. Despite strong reported fundamentals, AMAT trades well below its 52-week high. The company has also deepened its partnership in advanced packaging by raising its stake in BE Semiconductor Industries to roughly 20%. Analyst sentiment remains broadly constructive, with a consensus "Strong Buy" rating and an average price target well above recent trading levels.
FORM Overview and Recent Performance
FormFactor (FORM) designs and manufactures wafer probe cards and test systems used to validate chips across memory, foundry logic, and high-performance computing. The company reported record quarterly revenue of about $280 million, up roughly 38% year over year, and earnings per share (EPS) that exceeded consensus estimates by a wide margin. Growth has been supported by strong demand for HBM testing and by early adoption of co-packaged optics (CPO), an advanced networking technology.
Like AMAT, FORM has been caught up in the recent AI and data-center selloff, giving back a substantial portion of its earlier year-to-date gains. The stock fell sharply even after its strong earnings report, reflecting a "sell the news" reaction and investor concern over near-term capacity constraints. Management is ramping a new manufacturing facility to relieve production bottlenecks, but that expansion is expected to progress gradually through 2027, creating a near-term trade-off between growth and margin pressure.
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Head-to-Head Comparison
The clearest contrast between these two stocks is scale and focus. AMAT operates across the broader equipment stack, serving multiple end markets and customer types, which provides diversification across logic, memory, and packaging cycles. FORM is a more concentrated play on semiconductor test intensity, advanced packaging, and HBM, giving it higher growth potential but also higher cyclical sensitivity and volatility.
On momentum and catalysts, AMAT enters a record-revenue quarter with strong consensus support and a strategic advanced-packaging investment. FORM has delivered faster recent revenue growth and notable margin expansion, but its outlook is constrained by manufacturing capacity and a premium valuation. Risk factors also differ: AMAT faces exposure to China-related export controls, while FORM faces execution risk tied to its facility ramp and customer concentration in advanced memory.
Tickeron AI Verdict
Based on observable factors including trend consistency, business diversification, analyst consensus, and the balance of near-term catalysts against risk, Tickeron's AI would currently lean toward AMAT. The company combines a record revenue trajectory with broader market exposure and a stronger, more stable consensus profile, whereas FORM, while showing faster growth, faces more concentrated risk from capacity constraints and higher volatility. This probabilistic assessment reflects relative positioning rather than a definitive prediction, and conditions can shift as new earnings and market data arrive.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is AMAT is a Hold and FORM is a StrongBuy.
AMAT's RSI Indicator climbs out of oversold territory
The RSI Indicator for AMAT moved out of oversold territory on November 09, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 29 similar instances when the indicator left oversold territory. In 25 of the 29 cases the stock moved higher. This puts the odds of a move higher at 86%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 44 of 55 cases where AMAT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 80%.
The Moving Average Convergence Divergence (MACD) for AMAT just turned positive on November 11, 2026. Looking at past instances where AMAT's MACD turned positive, the stock continued to rise in 32 of 46 cases over the following month. The odds of a continued upward trend are 70%.
Following a +6.62% 3-day Advance, the price is estimated to grow further. Considering data from situations where AMAT advanced for three days, in 250 of 315 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
AMAT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 13, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on AMAT as a result. In 50 of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 58%.
AMAT moved below its 50-day moving average on October 13, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for AMAT crossed bearishly below the 50-day moving average on October 19, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 64%.
The 50-day moving average for AMAT moved below the 200-day moving average on November 09, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMAT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.
The Aroon Indicator for AMAT entered a downward trend on November 13, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 25 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 35 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 61 (best 1 - 100 worst), indicating steady price growth. AMAT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 61 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock slightly better than average.
The Tickeron Valuation Rating of 74 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (10.304) is normal, around the industry mean (5.670). P/E Ratio (28.486) is within average values for comparable stocks, (68.795). Projected Growth (PEG Ratio) (0.967) is also within normal values, averaging (0.801). Dividend Yield (0.006) settles around the average of (0.009) among similar stocks. P/S Ratio (10.764) is also within normal values, averaging (27.897).
FORM in upward trend: price expected to rise as it breaks its lower Bollinger Band on November 05, 2026
FORM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 31 of 32 cases where FORM's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where FORM's RSI Indicator exited the oversold zone, 19 of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 76%.
The Momentum Indicator moved above the 0 level on November 13, 2026. You may want to consider a long position or call options on FORM as a result. In 71 of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 79%.
The Moving Average Convergence Divergence (MACD) for FORM just turned positive on November 12, 2026. Looking at past instances where FORM's MACD turned positive, the stock continued to rise in 38 of 50 cases over the following month. The odds of a continued upward trend are 76%.
Following a +12.42% 3-day Advance, the price is estimated to grow further. Considering data from situations where FORM advanced for three days, in 243 of 308 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
FORM moved below its 50-day moving average on October 14, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FORM crossed bearishly below the 50-day moving average on October 22, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 17 of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 89%.
The 50-day moving average for FORM moved below the 200-day moving average on November 06, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FORM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 70%.
The Aroon Indicator for FORM entered a downward trend on November 13, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 62 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is 64 (best 1 - 100 worst), indicating fairly steady price growth. FORM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 67 (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 80 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.702) is normal, around the industry mean (5.670). P/E Ratio (54.811) is within average values for comparable stocks, (68.795). FORM's Projected Growth (PEG Ratio) (1.500) is slightly higher than the industry average of (0.801). Dividend Yield (0.000) settles around the average of (0.009) among similar stocks. P/S Ratio (9.200) is also within normal values, averaging (27.897).
The Tickeron PE Growth Rating for this company is 87 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 95 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
AMAT | FORM | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 50 | 11 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 74 Overvalued | 80 Overvalued | |
PROFIT vs RISK RATING 1..100 | 61 | 62 | |
SMR RATING 1..100 | 25 | 67 | |
PRICE GROWTH RATING 1..100 | 61 | 64 | |
P/E GROWTH RATING 1..100 | 35 | 87 | |
SEASONALITY SCORE 1..100 | 50 | 90 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
AMAT's Valuation (74) in the Electronic Production Equipment industry is in the same range as FORM (80). This means that AMAT’s stock grew similarly to FORM’s over the last 12 months.
AMAT's Profit vs Risk Rating (61) in the Electronic Production Equipment industry is in the same range as FORM (62). This means that AMAT’s stock grew similarly to FORM’s over the last 12 months.
AMAT's SMR Rating (25) in the Electronic Production Equipment industry is somewhat better than the same rating for FORM (67). This means that AMAT’s stock grew somewhat faster than FORM’s over the last 12 months.
AMAT's Price Growth Rating (61) in the Electronic Production Equipment industry is in the same range as FORM (64). This means that AMAT’s stock grew similarly to FORM’s over the last 12 months.
AMAT's P/E Growth Rating (35) in the Electronic Production Equipment industry is somewhat better than the same rating for FORM (87). This means that AMAT’s stock grew somewhat faster than FORM’s over the last 12 months.
| AMAT | FORM | |
|---|---|---|
| RSI ODDS (%) | 3 days ago 86% | 3 days ago 76% |
| Stochastic ODDS (%) | 3 days ago 80% | 3 days ago 86% |
| Momentum ODDS (%) | 4 days ago 58% | 3 days ago 79% |
| MACD ODDS (%) | 3 days ago 70% | 3 days ago 76% |
| TrendWeek ODDS (%) | 3 days ago 78% | 3 days ago 80% |
| TrendMonth ODDS (%) | 3 days ago 70% | 3 days ago 75% |
| Advances ODDS (%) | 5 days ago 79% | 5 days ago 79% |
| Declines ODDS (%) | 3 days ago 67% | 3 days ago 70% |
| BollingerBands ODDS (%) | 3 days ago 79% | 3 days ago 90% |
| Aroon ODDS (%) | 3 days ago 71% | 3 days ago 84% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
AMAT’s FA Score shows that 1 FA rating(s) are green while FORM’s FA Score has 0 green FA rating(s).
- AMAT’s FA Score: 1 green, 4 red.
- FORM’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
AMAT’s TA Score shows that 5 TA indicator(s) are bullish while FORM’s TA Score has 5 bullish TA indicator(s).
- AMAT’s TA Score: 5 bullish, 6 bearish.
- FORM’s TA Score: 5 bullish, 6 bearish.
Price Growth
AMAT (@Electronic Production Equipment) experienced а +11.36% price change this week, while FORM (@Electronic Production Equipment) price change was +7.90% for the same time period.
The average weekly price growth across all stocks in the @Electronic Production Equipment industry was +5.56%. For the same industry, the average monthly price growth was -16.06%, and the average quarterly price growth was -35.38%.
Reported Earning Dates
FORM is expected to report earnings on Feb 10, 2027.
Industries' Descriptions
@Electronic Production Equipment (+5.56% weekly)The electronic production equipment industry makes equipment used to produce semiconductors. Such equipment includes wafer fabrication, plasma etching and photo-resist processing equipment. The industry also makes chemical vapor deposition processing systems and photomasks, which are high-purity quartz plates that contain patterns to define integrated circuits layouts. Applied Materials, Inc., Lam Research Corporation, and KLA-Tencor Corporation are examples of electronic production equipment manufacturing companies.
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AMAT and
Correlation & Price change
A.I.dvisor indicates that over the last year, AMAT has been closely correlated with LRCX. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if AMAT jumps, then LRCX could also see price increases.
| Ticker / NAME | Correlation To AMAT | 1D Price Change % | ||
|---|---|---|---|---|
| AMAT | 100% | -2.74% | ||
| LRCX - AMAT | 91% Closely correlated | -3.36% | ||
| KLAC - AMAT | 89% Closely correlated | -3.17% | ||
| ONTO - AMAT | 86% Closely correlated | -2.89% | ||
| ASML - AMAT | 83% Closely correlated | -0.13% | ||
| NVMI - AMAT | 80% Closely correlated | -2.98% | ||
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