Applied Materials Inc is trading at $477.50 (+5.41%) in pre-market as semiconductor shares rebound from last week’s AI-driven sell-off.
- The move matches a broader tech bounce, with Nasdaq futures up 1.58% and major indices firmer before the open.
- Recent weakness in chip stocks followed Broadcom’s cautious AI outlook and a wider rotation out of growth, suggesting this rebound is sector-driven rather than company-specific.