Applied Materials Stock Surges on Positive Analyst Reports

Applied Materials stock surged by 4.4% following positive reports from KeyBanc, Morgan Stanley, and UBS, who raised price targets and upgraded ratings. KeyBanc and Morgan Stanley maintained Overweight ratings, citing strong demand for AI applications and wafer fabrication equipment. UBS upgraded to Buy due to a favorable outlook for memory chip production. The stock closed at a new 52-week high, marking a 62% increase since January.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.