Applied Materials is trading 10.3% up now at $118.25 following a sharp rebound in semiconductor stocks, driven by a JPMorgan sector upgrade to Overweight and renewed earnings optimism.
- The rally marks a significant reversal from last week’s tech selloff as investors rotate back into AI and semiconductor names.
- JPMorgan's upgrade has bolstered market confidence ahead of high-stakes earnings reports from major Big Tech and chip companies.
- Sentiment is strengthening as investors position for upcoming financial results across the semiconductor industry.