On July 30, Applied Materials rose 3.47% in pre-market trading, trading at $447.25/share, with turnover of $4.33 million.

On the news front, after suffering consecutive days of selling pressure from renowned short-seller Michael Burry's publicly disclosed short positions targeting AI and semiconductor stocks — combined with growing doubts over AI infrastructure spending returns and concerns about Chinese lithography machine competition — the semiconductor equipment sector staged a collective rebound. Peer stocks Lam Research surged 7.82%, Teradyne gained 3.75%, and KLA-Tencor rose 2.09%, with broad sector momentum lifting Applied Materials off recent lows.

Notably, HSBC, Citi, and UBS had previously raised their price targets on Applied Materials to a range of $683 to $705, with the average analyst target at $641.61. The current share price remains at a significant discount to institutional targets, providing valuation support. The company is scheduled to report fiscal third-quarter results on August 13, with consensus EPS expectations of $3.36.

(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.)