On July 21, Applied Materials rose 3.2% overnight, trading at 542.46 USD/share, with turnover of $6.6585 million.

On the news front, Micron Technology previously reported strong quarterly earnings and issued optimistic revenue guidance for the August quarter, sending its shares surging 15.7% and triggering a broad rally across chip stocks. Applied Materials, which had already surged 13.4% in the prior session, continued its upward momentum. The semiconductor equipment sector moved in tandem, with Lam Research up 3.31%, KLA-Tencor up 2.86%, Teradyne up 2.92%, and ASML up 1.71%.

Additionally, Jefferies recently raised its global wafer fabrication equipment market size forecast to $152 billion, $200 billion, and $253 billion for the next three years respectively, driven by AI and HBM demand supporting advanced logic and memory capital expenditure. Both Citi and UBS have raised their target price on Applied Materials to $705, reflecting institutional optimism on long-term AI-driven equipment demand.

(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.)