Stock Movers Applied Materials Warning; TSMC Jumps on Huawei Report; Rumble Rallies
Oct 3, 2025
Applied Materials faces a $600 million revenue loss due to new U.S. export restrictions, raising concerns about its future. Meanwhile, TSMC sees a boost after Huawei’s use of its advanced components, highlighting China's dependency on foreign tech in AI semiconductors. Rumble is making waves with a new partnership aimed at enhancing subscription services through AI features. Tesla's stock bounces back following impressive vehicle sales, although challenges loom with the end of federal electric-car subsidies.
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Export Rules Hit Equipment Makers
- Applied Materials expects a $600 million revenue hit in fiscal 2026 due to expanded U.S. export restrictions.
- Bernstein and the market expect other chip-equipment firms to report similar impacts soon.
Huawei Still Relies On Foreign Chips
- Tech Insights found Huawei used chips containing components from TSMC, Samsung and SK Hynix despite U.S. restrictions.
- The finding highlights China's ongoing reliance on foreign suppliers for advanced AI semiconductors.
Watch Peers For Export-Rule Hits
- Monitor other semiconductor suppliers for similar regulatory revenue disclosures after Applied Materials' warning.
- Expect markets to reprice companies once their exposure to new export rules becomes clear.