DJ Applied Materials Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Applied Materials Inc. $(AMAT)$ rallied 4.33% to $428.62 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.46% to 7,365.12 and the Dow Jones Industrial Average rising 1.24% to 49,910.59.
This was the stock's third consecutive day of gains.
Applied Materials Inc. hit a new 52-week high, surpassing its previous peak of $420.50, which the company achieved on April 24th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Broadcom Inc. $(AVGO)$ fell 0.45% to $425.44, Qualcomm Inc. $(QCOM)$ rose 3.23% to $192.57, and Advanced Micro Devices Inc. $(AMD)$ rose 18.61% to $421.39.
Trading volume (7.2 M) eclipsed its 50-day average volume of 6.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 6, 2026.
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(END) Dow Jones Newswires
May 06, 2026 16:33 ET (20:33 GMT)
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