On September 8, Applied Materials rose 3.18% in regular trading, trading at $466.76/share, with turnover of $297 million. The gain came amid a broad rally across the semiconductor equipment sector, driven by robust industry data and a fresh analyst price target increase.

On the news front, SEMI released its latest Global Semiconductor Equipment Market Report, showing that global semiconductor equipment sales in Q2 reached $40.53 billion, up 23% year over year and 11% sequentially, reflecting accelerating demand for AI computing infrastructure buildout. Meanwhile, UBS raised its price target on Applied Materials to $695 from $675, maintaining a Buy rating, citing confidence in the company's semiconductor systems business growth prospects and its plan to double systems manufacturing capacity by 2028.

Within the Semiconductor Equipment sector, the broader group traded higher. Among individual stocks, ASML Holding up 3.21%, KLA Corporation up 1.92%, Teradyne up 5.12%, Lam Research up 2.80%, and AXT Inc up 4.64%. Applied Materials previously reported fiscal Q3 revenue of $9.12 billion, up 25% year over year, with adjusted EPS of $3.50, both exceeding consensus estimates.

(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.)