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Applied Materials ( AMAT 1.33% ) is one of the few stocks related to artificial intelligence (AI) that has retreated this year. Shares are down 37% from their all-time high as of this writing. The equipment supplier for semiconductor manufacturing facilities is getting hit over fears the U.S. government will bar it from selling products to China, one of its most important markets. Outside of AI, the wider semiconductor market has gone through a downturn, hurting revenue growth for semiconductor equipment makers. The shortsighted thinking driving this sell-off creates a buying opportunity for a stock that has made investors a fortune over the long term. Manufacturers will need more and more of Applied Materials' equipment to keep making advanced computer chips, which will lead to increased revenue and profits for the business. Here's why beaten-down AI stock Applied Materials is set to bounce back in 2025. Breaking away from China The U.S. and Chinese governments are at odds over semiconductor policies. Both countries are steadily restricting product sales related to semiconductors to the other in order to get an advantage in national security areas such as defense spending and AI. Applied Materials is right in the middle of this conflict. The company sells equipment that allows semiconductor manufacturers to build, shape, and analyze their products. This is highly advanced technology that enables complicated engineering to happen at the microscopic level, helping the likes of Nvidia and other computer chip companies bring their designs to market. In the face of these export restrictions, it looks like Chinese companies ordered a bunch of Applied Materials equipment in advance. Revenue from China hit 44% of overall revenue in fiscal 2023 Q4 compared to a historical rate of around 30%. And in the recently ended fiscal 2024, revenue from China made up 37% of overall sales. Investors see this large chunk of revenue coming from China and worry about the export restrictions. What happens if Applied Materials can't sell its equipment to such an important market? Will it lose more than a third of its revenue overnight? AI and reshoring demand While the China restrictions are a concern to keep track of, I believe they can be more than made up through AI and reshoring demand. AI data center spending is exploding higher as the big technology players race to stay ahead in this exciting new technology. All these data centers require advanced computer chips to operate, and those chips need the use of Applied Materials machines to be manufactured. The key players in the AI space produce chips in Taiwan, South Korea, and the U.S. Combined, these countries made up 51% of Applied Materials' revenue last quarter. As the technology grows, it can offset some of the revenue decline from China. There is also the reshoring boom as the U.S. government tries to revive domestic semiconductor manufacturing as a national security priority. Companies are slated to spend tens of billions of dollars -- likely hundreds of billions of dollars in total -- over the next decade in order to build these factories. A lot of this spending will be on equipment machines, such as the ones made by Applied Materials. Imports of semiconductor equipment to the U.S. have exploded higher in the last few months, indicating this boom in spending has already begun. If the risks around China do fully materialize, I have faith the boost in spending from AI and American manufacturing will be able to replace the lost revenue for Applied Materials. A long-term culture of success Applied Materials has a long history of treating shareholders well. It simultaneously invests in research to maintain its technological lead in semiconductor equipment while also returning capital to shareholders through buybacks and dividends. The stock has returned nearly 500,000% for shareholders since its IPO for a reason. Yes, you read that right -- close to a 500,000% total return over its 52 years as a publicly-traded company. Data by YCharts . And over the last 10 years, the company has brought its share count down by 33%, which helps boost earnings and dividends per share. Today, the stock trades at a price-to-earnings ratio ( P/E ) of just below 19. Management has committed to returning 80% to 100% of its future free cash flow to shareholders through buybacks and dividends. An attractive valuation, consistent capital returns, and strong growth prospects are a recipe for long-term share price appreciation. Buy Applied Materials as a turnaround play for 2025 and the rest of this decade.jb88 slot

But alongside his stark warning of the threats facing Britain and its allies, Admiral Sir Tony Radakin said there would be only a “remote chance” Russia would directly attack or invade the UK if the two countries were at war. The Chief of the Defence Staff laid out the landscape of British defence in a wide-ranging speech, after a minister warned the Army would be wiped out in as little as six months if forced to fight a war on the scale of the Ukraine conflict. The admiral cast doubt on the possibility as he gave a speech at the Royal United Services Institute (Rusi) defence think tank in London. He told the audience Britain needed to be “clear-eyed in our assessment” of the threats it faces, adding: “That includes recognising that there is only a remote chance of a significant direct attack or invasion by Russia on the United Kingdom, and that’s the same for the whole of Nato.” Moscow “knows the response will be overwhelming”, he added, but warned the nuclear deterrent needed to be “kept strong and strengthened”. Sir Tony added: “We are at the dawn of a third nuclear age, which is altogether more complex. It is defined by multiple and concurrent dilemmas, proliferating nuclear and disruptive technologies and the almost total absence of the security architectures that went before.” He listed the “wild threats of tactical nuclear use” by Russia, China building up its weapon stocks, Iran’s failure to co-operate with a nuclear deal, and North Korea’s “erratic behaviour” among the threats faced by the West. But Sir Tony said the UK’s nuclear arsenal is “the one part of our inventory of which Russia is most aware and has more impact on (President Vladimir) Putin than anything else”. Successive British governments had invested “substantial sums of money” in renewing nuclear submarines and warheads because of this, he added. The admiral described the deployment of thousands of North Korean soldiers on Ukraine’s border alongside Russian forces as the year’s “most extraordinary development”. He also signalled further deployments were possible, speaking of “tens of thousands more to follow as part of a new security pact with Russia”. Defence minister Alistair Carns earlier said a rate of casualties similar to Russia’s invasion of Ukraine would lead to the army being “expended” within six to 12 months. He said it illustrated the need to “generate depth and mass rapidly in the event of a crisis”. In comments reported by Sky News, Mr Carns, a former Royal Marines colonel, said Russia was suffering losses of around 1,500 soldiers killed or injured a day. “In a war of scale – not a limited intervention, but one similar to Ukraine – our Army for example, on the current casualty rates, would be expended – as part of a broader multinational coalition – in six months to a year,” Mr Carns said in a speech at Rusi. He added: “That doesn’t mean we need a bigger Army, but it does mean you need to generate depth and mass rapidly in the event of a crisis.” Official figures show the Army had 109,245 personnel on October 1, including 25,814 volunteer reservists. Mr Carns, the minister for veterans and people, said the UK needed to “catch up with Nato allies” to place greater emphasis on the reserves. The Prime Minister’s official spokesman said Defence Secretary John Healey had previously spoken about “the state of the armed forces that were inherited from the previous government”. The spokesman said: “It’s why the Budget invested billions of pounds into defence, it’s why we’re undertaking a strategic defence review to ensure that we have the capabilities and the investment needed to defend this country.”

House Democrats mock Americans ‘who couldn’t afford eggs’ over Black Friday spendingHe is not yet in power but President-elect Donald Trump rattled much of the world with an off-hours warning of stiff tariffs on close allies and China -- a loud hint that Trump-style government by social media post is coming back. With word of these levies against goods imported from Mexico, Canada and China, Trump sent auto industry stocks plummeting, raised fears for global supply chains and unnerved the world's major economies. For Washington-watchers with memories of the Republican's first term, the impromptu policy volley on Monday evening foreshadowed a second term of startling announcements of all manner, fired off at all hours of the day from his smartphone. "Donald Trump is never going to change much of anything," said Larry Sabato, a leading US political scientist and director of the University of Virginia's Center for Politics. "You can expect in the second term pretty much what he showed us about himself and his methods in the first term. Social media announcements of policy, hirings and firings will continue." The first of Trump's tariff announcements -- a 25 percent levy on everything coming in from Mexico and Canada -- came amid an angry rebuke of lax border security at 6:45 pm on Truth Social, Trump's own platform. The United States is bound by agreements on the movement of goods and services brokered by Trump in a free trade treaty with both nations during his first term. But Trump warned that the new levy would "remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country" -- sowing panic from Ottawa to Mexico City. Seconds later, another message from the incoming commander-in-chief turned the focus on Chinese imports, which he said would be hit with "an additional 10% Tariff, above any additional Tariffs." The consequences were immediate. Almost every major US automaker operates plants in Mexico, and shares in General Motors and Stellantis -- which produce pickup trucks in America's southern neighbor -- plummeted. Canada, China and Mexico protested, while Germany called on its European partners to prepare for Trump to impose hefty tariffs on their exports and stick together to combat such measures. The tumult recalls Trump's first term, when journalists, business leaders and politicians at home and abroad would scan their phones for the latest pronouncements, often long after they had left the office or over breakfast. During his first four years in the Oval Office, the tweet -- in those days his newsy posts were almost exclusively limited to Twitter, now known as X -- became the quasi-official gazette for administration policy. The public learned of the president-elect's 2020 Covid-19 diagnosis via an early-hours post, and when Iranian Revolutionary Guards commander Qasem Soleimani was assassinated on Trump's order, the Republican confirmed the kill by tweeting a US flag. The public and media learned of numerous other decisions big and small by the same source, from the introduction of customs duties to the dismissal of cabinet secretaries. It is not a communication method that has been favored by any previous US administration and runs counter to the policies and practices of most governments around the world. Throughout his third White House campaign, and with every twist and turn in his various entanglements with the justice system, Trump has poured his heart out on Truth Social, an app he turned to during his 20-month ban from Twitter. In recent days, the mercurial Republican has even named his attorney general secretaries of justice and health via announcements on the network. "He sees social media as a tool to shape and direct the national conversation and will do so again," said political scientist Julian Zelizer, a Princeton University professor. cjc/ft/dw/bjtThe Philadelphia Flyers beat the Anaheim Ducks 3-1 in Saturday’s contest, powered by the fire-catching Noah Cates, and timely scoring from Morgan Frost and Joel Farabee. The Flyers improved to 16-16-1 with their road win. In case you have been living under a rock , the Tyson Foerster – Noah Cates – Bobby Brink line has been heating up as of late, primarily thanks to Noah Cates. Cates has scored a goal in each of the Flyers’ last five games, including Saturday against the Ducks. While he may not be the dynamic center that the Flyers have been searching for, Cates’ recent play has been a bright spot for the Flyers. Flyers rookie phenom Matvei Michkov has been slumping as of late. He has not registered a point since December 10th against Columbus. While no official comments were made, there was some speculation that Michkov could see some time in the press box as a healthy scratch before the new year. Michkov was in the initial lineup Saturday but was absent in the third period, including on the power play. It would not be crazy to think Michkov could be a healthy scratch in the near future. Sam Ersson earned a much-needed win against the Ducks, only allowing one goal on 32 shots. The Flyers have not seen much consistency from their netminders and have been searching for a goalie to separate themself from the pack. Ersson stood on his head against the Ducks and turned in a stellar performance, one that should help him build some confidence going down the line. The Flyers will remain on the West Coast as they are set to take on the LA Kings on Sunday at 9:00 p.m. EST. This article first appeared on Philly Hockey Now and was syndicated with permission.

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I t is likely to be a pivotal year in the making or breaking of the modern world, with profound consequences for the United Kingdom. Indeed, it is hard to think of a period in postwar history in which foreign policy has the potential to alter the lives of people in this country so dramatically, from their bank bills to their personal security. Since Russia’s invasion of Ukraine, we have seen the growing alignment of our adversaries around the world — Iran, Russia, China and North Korea — and their increased willingness to support each other with diplomatic cover, sanctions evasion, lethal weaponry, technological subsistence for their defence industrial bases and now, in the case of North Korea’s intervention against Ukraine , the sending of troops

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But alongside his stark warning of the threats facing Britain and its allies, Admiral Sir Tony Radakin said there would be only a “remote chance” Russia would directly attack or invade the UK if the two countries were at war. The Chief of the Defence Staff laid out the landscape of British defence in a wide-ranging speech, after a minister warned the Army would be wiped out in as little as six months if forced to fight a war on the scale of the Ukraine conflict. The admiral cast doubt on the possibility as he gave a speech at the Royal United Services Institute (Rusi) defence think tank in London. He told the audience Britain needed to be “clear-eyed in our assessment” of the threats it faces, adding: “That includes recognising that there is only a remote chance of a significant direct attack or invasion by Russia on the United Kingdom, and that’s the same for the whole of Nato.” Moscow “knows the response will be overwhelming”, he added, but warned the nuclear deterrent needed to be “kept strong and strengthened”. Sir Tony added: “We are at the dawn of a third nuclear age, which is altogether more complex. It is defined by multiple and concurrent dilemmas, proliferating nuclear and disruptive technologies and the almost total absence of the security architectures that went before.” The first nuclear age was the Cold War, while the second was “governed by disarmament efforts and counter proliferation”, the armed forces chief said. He listed the “wild threats of tactical nuclear use” by Russia, China building up its weapon stocks, Iran’s failure to co-operate with a nuclear deal, and North Korea’s “erratic behaviour” among the threats faced by the West. But Sir Tony said the UK’s nuclear arsenal is “the one part of our inventory of which Russia is most aware and has more impact on (President Vladimir) Putin than anything else”. Successive British governments had invested “substantial sums of money” in renewing nuclear submarines and warheads because of this, he added. The admiral described the deployment of thousands of North Korean soldiers on Ukraine’s border alongside Russian forces as the year’s “most extraordinary development”. He also signalled further deployments were possible, speaking of “tens of thousands more to follow as part of a new security pact with Russia”. Defence minister Alistair Carns earlier said a rate of casualties similar to Russia’s invasion of Ukraine would lead to the army being “expended” within six to 12 months. He said it illustrated the need to “generate depth and mass rapidly in the event of a crisis”. In comments reported by Sky News, Mr Carns, a former Royal Marines colonel, said Russia was suffering losses of around 1,500 soldiers killed or injured a day. “In a war of scale – not a limited intervention, but one similar to Ukraine – our Army for example, on the current casualty rates, would be expended – as part of a broader multinational coalition – in six months to a year,” Mr Carns said in a speech at Rusi. He added: “That doesn’t mean we need a bigger Army, but it does mean you need to generate depth and mass rapidly in the event of a crisis.” Official figures show the Army had 109,245 personnel on October 1, including 25,814 volunteer reservists. Mr Carns, the minister for veterans and people, said the UK needed to “catch up with Nato allies” to place greater emphasis on the reserves. The Prime Minister’s official spokesman said Defence Secretary John Healey had previously spoken about “the state of the armed forces that were inherited from the previous government”. The spokesman said: “It’s why the Budget invested billions of pounds into defence, it’s why we’re undertaking a strategic defence review to ensure that we have the capabilities and the investment needed to defend this country.”

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