Applied Materials, Inc. is trading 8.4% up at $132.25 following several significant company-specific developments:

  • The company launched its new SENZâ„¢ integrated visual system, marking an entry into AI-powered smart glasses and augmented reality.
  • Applied Materials announced a long-term development agreement with EssilorLuxottica to bring AI-enabled smart eyewear to market.
  • Analysts have raised price targets and reiterated buy ratings, citing robust AI-driven wafer fab equipment demand and strong Q2 results.