On July 14, Applied Materials rose 3.06% in pre-market trading, trading at 592.78 USD/share, with turnover of 7.22 million USD.

On the news front, the stock is rebounding after falling 3.82% in the prior session due to lingering effects from prominent short-seller Michael Burry's bearish bet against the entire AI supply chain, combined with profit-taking pressure following a sharp rally. The broader semiconductor equipment sector is staging a collective recovery.

The prior session's decline came after Applied Materials had surged nearly 9% on concentrated target price upgrades from Goldman Sachs, Morgan Stanley, Mizuho, and Stifel, alongside CEO Gary Dickerson's comments signaling strong long-term visibility into chip equipment demand extending beyond 2027. Wall Street analysts maintain that AI infrastructure spending and advanced packaging will continue supporting equipment demand, with Morgan Stanley projecting the wafer fab equipment market reaching 200 billion USD by 2027.

Within the Semiconductor Equipment sector, Lam Research up 3.17%, KLA-Tencor up 3.17%, AXT Inc up 3.15%, Teradyne up 2.28%, ASML Holding up 1.62%.

(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.)