Applied Materials Stock Rises on Analyst Upgrades Amid AI-Driven Semiconductor Demand
Applied Materials shares gained 7.6% this week as analysts upgraded the semiconductor equipment maker, citing booming AI infrastructure demand. Multiple firms raised price targets, with Cantor naming it a top pick in the sector.
DRAM capacity investments and NAND upgrades are driving growth expectations. The company's diversified portfolio provides some cyclical protection, but analysts warn of inherent industry volatility.