Applied Materials' Export Woes

And: Bitcoin reaches $120K (again).

October 03, 2025

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Today is Friday, October 3, 2025.

The Early Bird Index today is 91.95.

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Applied Materials' Export Woes

Applied Materials $AMAT ( ▲ 2.69% ) fell 2.81% in after-hours trading on Thursday after disclosing that a new U.S. export restriction to China will be costly.

Details: The company stated that it anticipates that the new restriction will reduce its revenue by $110 million in the current quarter. For the next full year, the company expects that the new rule will cut its revenue by $600 million.

Background: The Department of Commerce’s Bureau of Industry and Security issued the new export rule on September 29.

Early Bird’s Nest Egg Gains: The newly announced export restrictions are likely to hurt Applied Materials more than some of its rivals, primarily because of how exposed the company is to the Chinese semiconductor market and the specifics of its business model.

  • Approximately 31% of Applied Materials' revenue in early 2025 came from the China region.

  • Other competitors are also affected, but none are as directly exposed to China in terms of revenue share as Applied Materials.

  • U.S. export controls are also part of a broader strategy to localize chip production.


Final Thoughts: It’s been a good year for Applied Materials. The stock is up 36%.

7 Ways to Take Control of Your Legacy

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Inside, you’ll find {straightforward advice} on tackling key documents to clearly spell out your wishes.

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Notables

Notable Earnings Today: N/A.

Notable IPOs Today: AI Infrastructure Acquisition Corp. (NYSE: AIIA), CCH Holdings Ltd Ordinary Shares (Nasdaq: CCHH), Harvard Ave Acquisition Corporation Unit (Nasdaq: HAVAU), Range Capital Acquisition Corp II Units (Nasdaq: RNGTU).

Notable Equity Crowdfunding Campaigns Ending Today: SkinBit (Wefunder), EndoSound (Wefunder), The Gilded Spine (Honeycomb).

Notable Economic Events Today:  S&P Global Services PMI (9:45 a.m. ET), ISM Non-Manufacturing PMI /  Prices / Employment (10:00 a.m. ET).

Bitcoin Reaches $120K (Again)

The price of Bitcoin $BTC.X ( ▲ 2.5% ) reached $120,000 on Thursday, marking the first time that the most popular cryptocurrency reached that level since August.

Powering the Story: Bitcoin is up thanks to the new government shutdown. As traditional markets faced uncertainty from the government shutdown, some investors rotated capital into Bitcoin, viewing it as "digital gold".

Also: Bitcoin tends to do well in October, a trend in crypto known as “Uptober.”

Final Thoughts: After a modest 5% jump in September, Bitcoin is gaining ground in early October.

Rumble’s Perplexity Partnership

The video platform Rumble $RUM ( ▲ 3.36% ) jumped 11.36% in after-hours trading on Thursday after announcing a new partnership with the AI search engine Perplexity.

Details: The new partnership, which will integrate Perplexity’s AI-powered tools into Rumble, will aim to improve video discoverability. There will also be new subscription options for users.

Final Thoughts: This is good news for Rumble investors. The stock had been down 40% this year.

Lite on Details: SEC silent on Canary Litecoin ETF amid gov shutdown (Cointelegraph)

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