Applied Materials Inc is trading 4% up at $511.66 as semiconductor and AI-exposed stocks continue a sharp recovery from the recent sector-wide pullback.
- Investors are rotating back into leading wafer-fab equipment names, viewing them as primary beneficiaries of sustained AI infrastructure spending.
- The broader tech sector is bouncing back after last week's selloff, which was driven by geopolitical concerns and a temporary cooling in AI-related sentiment.