On July 21, Applied Materials rose 6.76% in regular trading, trading at $559.8/share, with turnover of $414 million.

On the news front, the rally was primarily driven by Micron Technology's strong quarterly earnings report and optimistic revenue guidance for the August quarter, which sent Micron shares surging 15.7% and triggered a broad rebound across the chip sector. As a leading semiconductor equipment maker, Applied Materials extended its upward momentum alongside peers. Within the sector, Teradyne gained 8.44%, AXT Inc rose 6.89%, Lam Research added 4.32%, KLA-Tencor climbed 4.04%, and ASML advanced 3.71%.

Additionally, Citi and UBS both recently raised their price targets on Applied Materials significantly to $705, while Jefferies lifted its global wafer fabrication equipment market size forecast to $253 billion by 2028, citing AI-driven demand as a long-term tailwind. The company is scheduled to report next quarter earnings on August 13, with consensus EPS estimate at $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.)