On July 14, Applied Materials rose 5.28% in regular trading, trading at $596.745/share, with turnover of $464 million. The stock rebounded strongly from the prior session's 3.82% decline triggered by profit-taking pressure and the ripple effects of noted short-seller Michael Burry's bearish positioning on the AI supply chain.

On the news front, the rally is primarily driven by a wave of target price upgrades from major investment banks. Goldman Sachs, Morgan Stanley, Mizuho, and Stifel have collectively raised their price targets on Applied Materials to the $630-650 range, with the consensus target now at approximately $632.64. Additionally, CEO Gary Dickerson signaled strong long-term visibility into chip equipment demand, noting that major chipmakers are sharing production plans extending well beyond 2027, with some providing directional outlooks through 2030. Morgan Stanley highlighted that the wafer fab equipment market is on track to reach $200 billion in 2027, with 2028 projections rising significantly to approximately $250 billion.

Within the Semiconductor Equipment sector, the overall sector is recovering broadly. Among individual stocks, AXT Inc up 8.66%, Lam Research up 5.17%, Teradyne up 5.02%, KLA-Tencor up 3.63%, ASML Holding up 2.59%.

(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.)