On July 31, Applied Materials rose 3.24% in pre-market trading, trading at $523.23/share, with turnover of $10.96 million.

On the news front, the semiconductor equipment sector continued its collective strong rebound after previously suffering from triple headwinds — Michael Burry's publicly disclosed short position against AI and semiconductor stocks, concerns over AI infrastructure spending returns, and fears of Chinese lithography competition. Peers including Lam Research, KLA-Tencor, and Teradyne continued to advance, with sector linkage propelling Applied Materials higher.

Additionally, HSBC, Citi, and UBS recently raised their target prices for 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 firm price support. The company is scheduled to report fiscal third-quarter earnings on August 13, with market consensus expecting EPS of $3.36, offering a near-term catalyst.

(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.)