On October 1, Applied Materials rose 3.31% in regular trading, trading at $528.98/share, with turnover of $232 million, extending its recent rebound momentum.

On the news front, Applied Materials announced two major partnership expansions for its $5 billion EPIC Center in Silicon Valley. Netherlands-based BE Semiconductor Industries joined as an innovation partner, with collaboration focusing on next-generation 3D integrated circuit scaling, logic and memory integration, and photonics applications supporting AI infrastructure. Separately, Kioxia also joined the EPIC Center, with the two firms set to jointly research advanced memory cell and structure formation, multi-chip stacking architectures, and novel material engineering methods to boost storage density and performance for the AI era. With Kioxia on board, all four of the world's major memory manufacturers — Samsung, SK Hynix, Micron, and Kioxia — are now partnered with Applied Materials on next-generation memory technology.

Additionally, Morgan Stanley recently raised its fiscal 2027 revenue forecast for the company to $50.7 billion and EPS estimate to $20.92, projecting gross margins to climb from 48.8% to 52%, providing further fundamental support.

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