🟢 Applied Materials is trading 12.5% up today as investors buy the dip after an AI-spending selloff

Applied Materials is trading 12.5% up at $103.00 as investors buy the recent dip following a selloff driven by AI-infrastructure spending concerns.

• The stock is rebounding alongside a strong semiconductor sector rally and broader strength across the technology sector.
• The recovery follows several days of downward pressure tied to investor concerns regarding the sustainability and high costs of AI-related chip investments.