This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Applied Materials Inc. rallied 8.0% to $167.99 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 3.3% to 5,844.19 and the Dow Jones Industrial Average rising 2.8% to 42,410.10.
Applied Materials Inc. closed 34.4% below its 52-week high of $255.89, which the company achieved on July 10th.
The stock outperformed some of its competitors, as Broadcom Inc. rose 6.4% to $221.58, Qualcomm Inc. rose 4.8% to $152.12, and Advanced Micro Devices Inc. rose 5.13% to $108.12.
Trading volume totaled 11.7 million, compared to the 50-day average of 7.8 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
May 12, 2025 16:35 ET (20:35 GMT)
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