Stock Movers: Applied Materials Sales Concerns, TSMC-Huawei News, Rumble-Perplexity Partnership

Applied Materials Sales Hit

• 📉 Applied Materials (AMAT) shares are down 3% following a warning about a sales hit due to new US export restrictions to China.
• ⚠️ The company anticipates a loss of $600 million in revenue in fiscal year 2026 due to widened export curbs by the Commerce Department's Bureau of Industry and Security.
• 🎯 These restrictions aim to limit China's domestic chip supply development, impacting many competitors supplying Chinese customers.

TSMC and Huawei's AI Processors

• 📈 Taiwan Semiconductor Manufacturing (TSMC) shares are up nearly 2% on news that Huawei's Ascend AI processors contain advanced components from TSMC, Samsung Electronics, and SK Hynix.
• 💡 This reliance on foreign hardware highlights China's ongoing challenges in boosting domestic AI semiconductor production, especially with US export restrictions in place.

Rumble and Perplexity Partnership

• 🚀 Rumble (RUM), a video platform and cloud services provider, is gaining after announcing a strategic partnership with Perplexity.
• 🤝 The collaboration will offer a new subscription model combining Perplexity Pro features with Rumble Premium.
• 🌐 Perplexity will also advertise and promote its new AI-based browser, Comet, on the Rumble platform.

Boeing's 777X Setback

• ✈️ Boeing (BA) is facing another setback as its 777X commercial debut is reportedly delayed until early 2027, a shift from its previous schedule.
• 💰 This delay could lead to significant accounting charges, estimated by analysts to be between $2.5 billion and $4 billion.