This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Applied Materials Inc. rose 7.0% to $490.05 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.1% to 7,609.78 and the Dow Jones Industrial Average rising 0.4% to 51,307.79.
This was the stock's fourth consecutive day of gains.
Applied Materials Inc. hit a new 52-week high, surpassing its previous peak of $463.88, which the company reached on June 1st.
The stock outperformed some of its peers, as Broadcom Inc. rose 4.7% to $481.57, Qualcomm Inc. rose 5.2% to $240.84, and Advanced Micro Devices Inc. rose 2.24% to $521.54.
Trading volume totaled 9.3 million, compared to the 50-day average of 6.9 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
June 02, 2026 16:34 ET (20:34 GMT)
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