On July 20, Applied Materials rose 3.13% in regular trading, trading at approximately $546.50/share, with turnover of $200 million.

On the news front, Micron Technology reported strong quarterly earnings and issued optimistic revenue guidance for the August quarter, sending its stock surging 15.7% in the prior session. The bullish results lifted the entire chip sector, with Applied Materials already rallying 13.4% the previous trading day and now extending upward momentum. Peers including Teradyne gained 6.34%, KLA-Tencor rose 2.83%, Lam Research added 2.67%, and ASML advanced 2.26%.

Additionally, Jefferies recently raised its global wafer fabrication equipment market size estimates to $152 billion, $200 billion, and $253 billion for 2026, 2027, and 2028 respectively, driven by AI and HBM demand. Both Citi and UBS have raised their target prices on Applied Materials to $705, reflecting institutional optimism on AI-driven long-term 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.)