Semiconductor equipment faces a "valuation slowdown"? Morgan Stanley raises profit forecast for Applied Materials (AMAT.US) but cuts target price

According to Zhitong Finance APP, just as Meta Muse and the earlier-released GPT-6 Astra have significantly strengthened market expectations for the commercialization of AI agents and the expansion of AI computing power—thus markedly raising the profit trajectory of the semiconductor equipment sector—Wall Street financial giant Morgan Stanley has lowered its target price for Applied Materials (AMAT.US), one of the world's largest US-based semiconductor equipment manufacturers, from the previous $642 to $563.