August 14, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Investor Traps

Please click here for a chart of Applied Materials stock (AMAT).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of AMAT stock is being used to illustrate the point.  Applied Materials is one of the largest semiconductor manufacturing equipment manufacturers in the world and is critical to the AI revolution.
• The chart shows AMAT stock is falling after earnings.
• The chart shows the AMAT stock has fallen 32% from its high earlier this year.
• Applied Materials reported earnings better than consensus but below whisper numbers.