On July 11, Applied Materials rose 3.06% in regular trading, trading at $606.6 USD/share, with turnover of $1.867 billion. The gain comes as Stifel raised its price target on the stock from $530 to $650, extending a wave of concentrated upgrades from major Wall Street banks.

Stifel's move follows similar upgrades from TD Cowen (to $700), Mizuho (to $650), Goldman Sachs (to $645), and Morgan Stanley (to $647), pushing the consensus mean price target to approximately $632.64. Morgan Stanley noted the wafer fab equipment market is on track to reach $200 billion in 2027, with 2028 projections rising significantly to approximately $250 billion, providing long-term fundamental support for equipment stocks. Additionally, CEO Gary Dickerson recently signaled strong multi-year demand visibility, with major chipmakers sharing production plans extending well beyond 2027, reinforcing confidence in AI-driven semiconductor capital expenditure cycles.

Within the Semiconductor Equipment sector, ASML Holding NV up 0.32%, Lam Research up 0.15%, KLA-Tencor up 0.85%, Teradyne down 0.39%, AXT Inc down 8.07%.

(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.)