On August 12, Applied Materials rose 3.2% in pre-market trading, trading at 542.0 USD/share, with turnover of 10.2286 million USD.

On the news front, Applied Materials is set to report fiscal Q3 results on August 13 after market close, with Wall Street expecting adjusted EPS of $3.36, representing approximately 35% year-over-year growth. Multiple institutions have recently raised their price targets, with Bernstein lifting its target to $675 from $525 while maintaining an Outperform rating, and HSBC and UBS setting targets in the $683-$705 range. The current stock price maintains roughly 20% discount to the average analyst target of $646. RBC Capital Markets expects a beat-and-raise quarter, citing NAND recovery, ICAPS stabilization, and value-based pricing as near-term tailwinds. Citi previously placed the stock on its 30-day positive catalyst watchlist, forecasting revenue and EPS to exceed consensus by 3% and 2%, respectively. Additionally, Jinglin Asset established a new position in Applied Materials during Q2, allocating to the AI computing infrastructure supply chain.

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