🟢 Applied Materials is trading 5.5% up today as JPMorgan upgrades the semiconductor sector

Applied Materials is trading 5.5% up at $115.25 as semiconductor stocks rebound following last week’s sharp AI-driven selloff and profit-taking.

• The move tracks a nearly 3% gain in the SOXX chip ETF after JPMorgan upgraded the sector to Overweight, calling valuations tactically attractive.
• The stock is rising alongside broader sentiment improvements in AI infrastructure plays, despite a lack of fresh, company-specific headlines today.