Applied Materials Surges on AI, Semiconductor Boom
Update: 2026-01-02
Description
Applied Materials shares surged by 3.8% in afternoon trading, driven by a broad rally in chip stocks and investor enthusiasm for AI. The Nasdaq Composite also gained early in the session, with high-growth tech names leading the charge. Analysts attribute this to last years bullish themes around AI and semiconductors. Despite a slight cooling, shares remain up 4.2% from yesterdays close and 63.4% since the start of the year. A $1,000 investment five years ago would now be worth approximately $3,833. Checkout Solipillow.com
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