US Stocks Move: Applied Materials rises over 4% pre-market, expected to benefit from chipmakers' capacity expansion boom

格隆汇2026/07/09 08:49

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Golden Ten Data, July 9th — Applied Materials (AMAT.US) rose by over 4% in pre-market trading, priced at $593.55. In terms of news, the CEO of Applied Materials stated that chip manufacturers are sharing their outlook for equipment demand over the next two years or longer with the company to ensure smooth capacity expansion. This indicates that the current AI-driven investment boom may last longer than expected. Additionally, Applied Materials has recently been endorsed by several major banks. Morgan Stanley raised its target price from $502 to $647, Goldman Sachs increased its target price from $520 to $645, and Haitong International raised its target price from $575 to $900.

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US Stocks Move: Applied Materials rises over 4% pre-market, expected to benefit from chipmakers' capacity expansion boom

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