On October 1, Applied Materials rose 3.05% overnight, trading at 526.0 USD/share, with turnover of 7.1456 million USD, extending its recent rebound momentum.

On the news front, the company announced that KIOXIA Corporation has joined its EPIC (Equipment and Process Innovation and Commercialization) Center in Silicon Valley as an innovation partner. The two companies will jointly research advanced memory-cell and structure formation, multi-chip stacking architectures, advanced packaging interconnects, and new materials engineering approaches aimed at boosting memory density and performance for the AI era. With KIOXIA on board, all four major global memory manufacturers — Samsung Electronics, SK Hynix, Micron, and KIOXIA — are now collaborating with Applied Materials on next-generation memory development. The EPIC Center, backed by approximately 5 billion USD in investment, is set to begin full-scale research next year.

Additionally, Morgan Stanley recently raised its fiscal 2027 revenue forecast to 50.7 billion USD and EPS estimate to 20.92 USD, projecting gross margins to climb from 48.8% to 52%, though its target price was trimmed from 642 USD to 563 USD with an Equal-Weight rating maintained.

(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.)