On August 7, Applied Materials rose 3.05% in pre-market trading, trading at 543.2 USD/share, with turnover of 13.2671 million USD.

On the news front, the semiconductor equipment sector rebounded following the prior session's collective pullback triggered by SanDisk's below-expectation guidance. Peer stocks moved higher in tandem, with KLA Corporation up 1.83%, Lam Research up 2.46%, ASML up 2.76%, and Teradyne up 2.90%.

Adding to the bullish momentum, Citi recently placed Applied Materials on its 90-day positive catalyst watchlist, projecting that the company's fiscal Q3 results on August 13 will deliver guidance above market consensus, with revenue and EPS forecasts approximately 3% and 2% above Street estimates, respectively. HSBC and UBS have also raised target prices to the 683-705 USD range, implying significant upside from current levels. The company is expected to report EPS of 3.36 USD for the quarter.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)