🟢 Applied Materials is trading 4.6% up today on strong Microsoft and Lam Research earnings

Applied Materials is trading 4.6% up now at $524.84 as chipmakers rally following strong earnings from Microsoft and Lam Research, which eased concerns regarding a slowdown in AI-related capital spending.

• The move marks a significant recovery following a sharp semiconductor selloff earlier in the week.
• Investors are rotating back into AI and cloud-exposed names as sector sentiment and broader tech markets stabilize.
• The positive results from Lam Research, a key peer, have particularly bolstered confidence in the continued demand for wafer fabrication equipment.