Stock Track | Applied Materials Soars 5.02% Intraday as Chip Stocks Rally Ahead of CES

Stock Track

01/05

Applied Materials (AMAT) surged 5.02% intraday on Monday, outperforming the broader chip sector as investors anticipated major announcements at the upcoming Consumer Electronics Show (CES).

The tech industry’s biggest annual event, CES, is set to kick off on January 6, with AI and robotics expected to dominate discussions. Companies like Nvidia and AMD are slated to unveil new products, fueling optimism across the semiconductor sector.

“Robotics is going to be talked about big time at CES,” said Kinsey Fabrizio of the Consumer Technology Association, highlighting the event’s focus. This sentiment has driven bullish momentum in chip stocks, including AMAT, as traders bet on increased demand for advanced semiconductor technologies.

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