Applied Materials Inc. Stock Rallies 15.0%, Outperforms Peers

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Applied Materials Inc. surged 15.0% to $501.77 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.7% to 7,437.63 and the Dow Jones Industrial Average rising 1.2% to 52,208.06.

The stock's rise snapped a four-day losing streak.

Applied Materials Inc. closed 32.2% short of its 52-week high of $739.67, which the company reached on June 30th.

The stock outperformed some of its peers, as Broadcom Inc. rose 4.7% to $387.84, Qualcomm Inc. fell 2.6% to $151.60, and Advanced Micro Devices Inc. rose 13.00% to $485.39.

Trading volume totaled 12.0 million, compared to the 50-day average of 10.0 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

July 30, 2026 16:34 ET (20:34 GMT)