On July 9, Applied Materials rose 3.94% in pre-market trading, trading at approximately $593.00/share, with turnover of $11.73 million. The stock continued its recovery trajectory after a sharp two-day decline of over 14% earlier in the week triggered by Michael Burry's public short position, CEO insider selling, and a global semiconductor sell-off.

On the news front, the semiconductor equipment sector extended its oversold rebound, with peers Lam Research up 3.26%, KLA-Tencor up 3.23%, Teradyne up 3.42%, and ASML up 1.49%. The company's CEO stated that chip manufacturers are actively preparing for capacity expansion, reinforcing equipment demand visibility. Goldman Sachs raised its target price on Applied Materials to $645, while Morgan Stanley lifted its target to $647, citing significantly elevated wafer fab equipment market growth projections reaching approximately $250 billion by 2028, with the market on track to hit $200 billion by 2027. Bank of America additionally noted that the recent semiconductor pullback represents normal market correction rather than weakening AI demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)