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AMAT vs QCOM
Which Stock Would AI Choose? Applied Materials (AMAT) vs. Qualcomm (QCOM) Stock Comparison
Key Takeaways
- AMAT reported record fiscal Q3 2026 revenue of $9.12 billion, up 25% year over year, with strong non-GAAP EPS growth and raised guidance tied to AI-related semiconductor demand.
- QCOM posted fiscal Q3 2026 revenue that beat expectations but faced an earnings miss and post-earnings share pressure, while accelerating its pivot toward data center and automotive revenue streams.
- Over recent weeks, AMAT has shown greater year-to-date outperformance compared with QCOM, though both stocks experienced sector-wide volatility and pullbacks from earlier highs.
- AMAT benefits from direct exposure to semiconductor equipment spending driven by advanced packaging and leading-edge foundry activity, while QCOM is diversifying beyond handsets via partnerships such as its Amazon AI infrastructure collaboration.
- Valuation multiples remain elevated for AMAT relative to QCOM, reflecting differences in growth visibility and business model stability amid shifting market sentiment.
- Both companies operate in the broader semiconductor sector, where AI infrastructure buildout continues to influence investor positioning and relative performance.
Introduction
Applied Materials (AMAT) and Qualcomm (QCOM) represent distinct segments of the semiconductor value chain, with AMAT supplying materials engineering equipment and QCOM designing wireless and computing chips. This comparison examines their recent stock behavior, business drivers, and market positioning in the current environment. Institutional investors, active traders, and those monitoring artificial intelligence supply chains may find the relative performance and sentiment shifts between these names relevant for portfolio construction and sector allocation decisions.
AMAT Overview and Recent Performance
Applied Materials provides equipment and services used in semiconductor manufacturing, including deposition, etching, and inspection tools essential for advanced chip production. In recent market activity, the stock has reflected strong underlying demand tied to artificial intelligence infrastructure, with the company reporting record fiscal third-quarter 2026 revenue of $9.12 billion, up 25% year over year, and non-GAAP EPS of $3.50. Management highlighted multi-year visibility from customers and raised expectations for semiconductor systems revenue in calendar 2026, citing sustained AI compute needs. Over recent weeks, shares experienced volatility consistent with broader technology sector movements, including a pullback from earlier highs amid valuation considerations, while maintaining elevated levels relative to longer-term averages.
QCOM Overview and Recent Performance
Qualcomm develops and licenses wireless technologies and semiconductors, with primary exposure to mobile handsets alongside growing automotive, Internet of Things, and data center segments. Recent market activity followed the fiscal third-quarter 2026 earnings release, which featured revenue that exceeded guidance but an earnings per share miss, leading to share pressure. The company has emphasized diversification, including a collaboration with Amazon targeting AI data center infrastructure and record automotive revenue. Over recent weeks, the stock has traded with notable volatility, influenced by handset revenue dynamics and progress on non-handset growth initiatives, while remaining below peaks reached earlier in the year.
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Head-to-Head Comparison
Applied Materials operates in semiconductor capital equipment, deriving growth primarily from wafer fabrication and advanced packaging spending driven by artificial intelligence and high-performance computing. Qualcomm focuses on chip design and intellectual property licensing, with recent emphasis on expanding data center and automotive contributions to offset handset variability. In recent market activity, AMAT demonstrated more consistent revenue expansion and raised forward expectations, while QCOM highlighted partnership-driven diversification amid mixed quarterly results. Risk factors differ: AMAT faces cyclical equipment demand and high valuations, whereas QCOM contends with competitive pressures in wireless and execution on new revenue streams. Sector exposure overlaps in semiconductors, yet sentiment has favored equipment providers with direct AI tooling visibility over fabless designers navigating transition periods.
Tickeron AI Verdict
Based on observable factors such as trend consistency in recent financial results, stability of growth catalysts, and relative positioning within AI supply chains, Tickeron’s AI models currently assign a higher probabilistic preference to AMAT. The company’s record quarterly performance and explicit multi-year demand visibility provide a clearer near-term foundation compared with QCOM’s ongoing diversification efforts amid handset revenue adjustments. This assessment reflects data-driven pattern recognition rather than certainty and remains subject to evolving market conditions.
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 Buy and QCOM is a Buy.
AMAT | QCOM | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 17 | 27 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 68 Overvalued | 46 Fair valued | |
PROFIT vs RISK RATING 1..100 | 42 | 59 | |
SMR RATING 1..100 | 25 | 31 | |
PRICE GROWTH RATING 1..100 | 39 | 21 | |
P/E GROWTH RATING 1..100 | 10 | 15 | |
SEASONALITY SCORE 1..100 | 50 | 50 |
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.
QCOM's Valuation (46) in the Telecommunications Equipment industry is in the same range as AMAT (68) in the Electronic Production Equipment industry. This means that QCOM’s stock grew similarly to AMAT’s over the last 12 months.
AMAT's Profit vs Risk Rating (42) in the Electronic Production Equipment industry is in the same range as QCOM (59) in the Telecommunications Equipment industry. This means that AMAT’s stock grew similarly to QCOM’s over the last 12 months.
AMAT's SMR Rating (25) in the Electronic Production Equipment industry is in the same range as QCOM (31) in the Telecommunications Equipment industry. This means that AMAT’s stock grew similarly to QCOM’s over the last 12 months.
QCOM's Price Growth Rating (21) in the Telecommunications Equipment industry is in the same range as AMAT (39) in the Electronic Production Equipment industry. This means that QCOM’s stock grew similarly to AMAT’s over the last 12 months.
AMAT's P/E Growth Rating (10) in the Electronic Production Equipment industry is in the same range as QCOM (15) in the Telecommunications Equipment industry. This means that AMAT’s stock grew similarly to QCOM’s over the last 12 months.
| AMAT | QCOM | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 86% | 2 days ago 70% |
| Stochastic ODDS (%) | 2 days ago 69% | 2 days ago 72% |
| Momentum ODDS (%) | 2 days ago 76% | 2 days ago 69% |
| MACD ODDS (%) | 2 days ago 69% | N/A |
| TrendWeek ODDS (%) | 2 days ago 77% | 2 days ago 65% |
| TrendMonth ODDS (%) | 2 days ago 69% | 2 days ago 69% |
| Advances ODDS (%) | 2 days ago 79% | 3 days ago 67% |
| Declines ODDS (%) | 9 days ago 65% | N/A |
| BollingerBands ODDS (%) | N/A | 2 days ago 76% |
| Aroon ODDS (%) | 2 days ago 72% | 2 days ago 68% |
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 2 FA rating(s) are green while QCOM’s FA Score has 3 green FA rating(s).
- AMAT’s FA Score: 2 green, 3 red.
- QCOM’s FA Score: 3 green, 2 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 4 TA indicator(s) are bullish while QCOM’s TA Score has 5 bullish TA indicator(s).
- AMAT’s TA Score: 4 bullish, 3 bearish.
- QCOM’s TA Score: 5 bullish, 3 bearish.
Price Growth
AMAT (@Electronic Production Equipment) experienced а +14.20% price change this week, while QCOM (@Semiconductors) price change was +6.71% for the same time period.
The average weekly price growth across all stocks in the @Electronic Production Equipment industry was +5.93%. For the same industry, the average monthly price growth was -1.01%, and the average quarterly price growth was +25.32%.
The average weekly price growth across all stocks in the @Semiconductors industry was +6.47%. For the same industry, the average monthly price growth was +6.06%, and the average quarterly price growth was +61.36%.
Reported Earning Dates
AMAT is expected to report earnings on Nov 12, 2026.
QCOM is expected to report earnings on Nov 11, 2026.
Industries' Descriptions
@Electronic Production Equipment (+5.93% 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.
@Semiconductors (+6.47% weekly)The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.
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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% | +0.41% | ||
| LRCX - AMAT | 91% Closely correlated | -1.08% | ||
| KLAC - AMAT | 87% Closely correlated | -0.24% | ||
| ONTO - AMAT | 83% Closely correlated | -0.53% | ||
| NVMI - AMAT | 82% Closely correlated | -1.14% | ||
| ASML - AMAT | 82% Closely correlated | -0.19% | ||
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QCOM and
Correlation & Price change
A.I.dvisor indicates that over the last year, QCOM has been closely correlated with LRCX. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if QCOM jumps, then LRCX could also see price increases.
| Ticker / NAME | Correlation To QCOM | 1D Price Change % | ||
|---|---|---|---|---|
| QCOM | 100% | -0.52% | ||
| LRCX - QCOM | 80% Closely correlated | -1.08% | ||
| KLAC - QCOM | 78% Closely correlated | -0.24% | ||
| AMKR - QCOM | 76% Closely correlated | -2.33% | ||
| AMAT - QCOM | 74% Closely correlated | +0.41% | ||
| KLIC - QCOM | 74% Closely correlated | +1.46% | ||
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