Applied Materials rises 4.7% as chip equipment rallies ahead of earnings
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Applied Materials (NASDAQ:AMAT) shares rose 4.7% to $334.27 at 10:30 a.m. ET on Friday, November 6, as chip equipment stocks rebounded and peer Lam Research unveiled a $25 billion buyback. Equipment makers were among Thursday's…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe chip equipment rebound matters ahead of Applied Materials' November earnings, which will test AI-related spending.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Applied Materials rose 4.7% to $334.27 on Friday, November 6, as chip equipment stocks rebounded.
- 02Peer Lam Research unveiled a $25 billion buyback.
- 03Applied will report fourth-quarter and full fiscal 2026 results on Thursday, November 12.
- 04Applied has a market value of about $265 billion and is one of the largest suppliers to the AI chip build-out.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Applied Materials, Inc.333.64 USD+0.23%today +4.51%Positive Lam Research Corporation201.40 USD+0.73%today +8.74%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets