Live Report · Updated January 26, 2026

PDD Holdings vs Applied Materials

This page compares PDD Holdings and Applied Materials, Inc, examining their business models, financial performance, and market context in clear, accessible terms. It aims to present neutral information to help readers understand similarities and differences without endorsement or forecast. Educational content, not financial advice.

This page compares PDD Holdings and Applied Materials, Inc, examining their business models, financial performance, and market context in clear, accessible terms. It aims to present neutral informatio...

Comparison Snapshot

Key Financial Metrics

PDD

Metric

AMAT

$151.70B

Market Cap

$253.31B

38.84%

Potential Profit

-20.67%

Buy

Analyst Rating

Buy

Why It's Moving

PDD Holdings Faces Intensified Regulatory Probe as Shares Slide on Compliance Fears

Over 100 regulators raided PDD on January 19, 2026, probing serious issues like fake deliveries that threaten platform trust and user safety.
A prior physical altercation between PDD employees and regulators last month escalated the probe, exposing internal compliance breakdowns.
Stock tumbled during January 20 trading, amplifying concerns over potential lawsuits and eroded investor confidence amid China's tightening oversight.

Sentiment:

🐻Bearish

Analysts Boost AMAT Targets Amid AI Memory Surge, Despite Export Headwinds

Needham hiked its price target to $390 and KeyBanc to $380, spotlighting AMAT's edge in memory/AI expansion and vertical scaling opportunities.
Q4 display revenues soared 68% on advanced systems, better pricing, and surging OLED demand, signaling potential reacceleration in that segment.
Fiscal Q1 2026 earnings due February 12, where guidance on China risks, memory demand, and pricing could sway near-term momentum.

Sentiment:

🐃Bullish

PDD Holdings Faces Intensified Regulatory Probe as Shares Slide on Compliance Fears

Over 100 regulators raided PDD on January 19, 2026, probing serious issues like fake deliveries that threaten platform trust and user safety.
A prior physical altercation between PDD employees and regulators last month escalated the probe, exposing internal compliance breakdowns.
Stock tumbled during January 20 trading, amplifying concerns over potential lawsuits and eroded investor confidence amid China's tightening oversight.

Sentiment:

🐻Bearish

Analysts Boost AMAT Targets Amid AI Memory Surge, Despite Export Headwinds

Needham hiked its price target to $390 and KeyBanc to $380, spotlighting AMAT's edge in memory/AI expansion and vertical scaling opportunities.
Q4 display revenues soared 68% on advanced systems, better pricing, and surging OLED demand, signaling potential reacceleration in that segment.
Fiscal Q1 2026 earnings due February 12, where guidance on China risks, memory demand, and pricing could sway near-term momentum.

Sentiment:

🐃Bullish

Investment Analysis

PDD Holdings

PDD

Pros

PDD Holdings is undervalued based on multiple valuation metrics despite a 35.8% share price increase in 2025, suggesting potential for further price appreciation.
The company operates a diverse e-commerce platform portfolio including Pinduoduo and Temu, expanding its global digital retail footprint effectively.
PDD has demonstrated significant long-term growth with a 176.8% gain over three years, reflecting strong market and revenue expansion.

Considerations

PDD's forward price-to-earnings ratio of 13.31 and trailing PE of 14.77 indicate moderate valuation pressures amid fluctuating analyst ratings.
The stock price target consensus shows a slight expected decrease for the next 12 months, with some analyst caution amid market volatility.
PDD Holdings faces competitive risks in the highly dynamic e-commerce sector and must continually innovate to maintain growth momentum.

Applied Materials

AMAT

Pros

Applied Materials has a strong market capitalisation near $186 billion supported by steady growth in semiconductor equipment demand.
The company pays a dividend yield around 0.71%, offering income alongside growth potential in the semiconductor manufacturing industry.
Institutional investor interest is increasing ahead of earnings, with positive analyst revisions and raised price targets signaling confidence.

Considerations

Applied Materials trades at a relatively high PE ratio of 28.72, which may reflect a premium valuation potentially increasing downside risk.
The stock faces cyclicality and exposure to semiconductor industry cycles which can lead to earnings volatility depending on macroeconomic factors.
Despite strong recent performance, the share price is near its 52-week high, possibly limiting near-term upside potential.

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