On September 21, Applied Materials rose 3.02% in pre-market trading, trading at $457.69 per share, with turnover of $9.43 million. The stock continued to gain momentum following the company's announcement of a major investment commitment in India, while the broader semiconductor equipment sector also rallied.
On the news front, Applied Materials announced at the SEMICON India chip conference that it plans to invest $5 billion in India over the next decade, covering R&D expansion, supply chain scaling, and talent development. The company will establish a 140-acre research campus in India and aims to increase its India-based supply chain capacity tenfold by 2035, while bringing additional global suppliers into the country. The move is widely viewed as a strategic effort to diversify geopolitical risk amid ongoing US-China trade tensions and export controls that have weighed on the stock.
Within the Semiconductor Equipment sector, peers posted broad gains. Lam Research rose 2.75%, KLA Corporation gained 2.74%, Teradyne advanced 2.57%, ASML Holding rose 2.07%, and AXT Inc led with a 4.91% increase. Analysts at RBC and UBS have maintained constructive outlooks on Applied Materials, citing strong demand visibility and capacity expansion plans including a target to double systems manufacturing capacity by 2028.
(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.)
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