CtrlK
AMAT
NASDAQ
Semiconductors
$529.66
USD
-$31.27 (-5.57%)
At close: Jul 17, 2026, 4:00 PM EDT
Market Cap:
$445.36B
Volume:
10.3M
Previous Close
$560.93
Day Range
$513.22 - $551.18
52 Week Range
$154.47 - $736.98
Average Volume (10 Days)
10.3M
P/E Ratio (TTM)
52.35
Dividend Yield
0.33%
Applied Materials, Inc. engages in provision of materials engineering solutions used to produce semiconductors. The company is headquartered in Santa Clara, California and currently employs 35,500 full-time employees. The firm provides equipment, services and software to the semiconductor, display, and related industries. The company operates through two segments: Semiconductor Systems and Applied Global Services (AGS). The Semiconductor Systems segment includes semiconductor capital equipment to enable materials engineering steps including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The AGS segment provides integrated solutions to optimize equipment and fab performance and productivity, including services, spares and factory automation software for semiconductor and other products. Its products include personal computing devices, mobile phones, artificial intelligence (AI) and data center servers, automobiles, connected devices, industrial applications and consumer electronics.
CEO
Mr. Gary Dickerson
Headquaters
Santa Clara, CALIFORNIA, US
Founded
1972
Employees
35,500
ASML, the sole manufacturer of EUV lithography machines required for advanced chip production, reported Q2 2026 earnings showing strong demand from AI infrastructure buildout while facing significant revenue headwinds from tightening U.S. export controls on China. The company raised full-year revenue guidance and outlined plans to increase EUV tool shipments to meet customer demand.
Semiconductor stocks experienced their sharpest weekly decline in over a year, with the Philadelphia SE Semiconductor Index down 11% and 24% from its late June peak. The selloff reflected profit-taking and rising scrutiny of AI spending returns, triggered by developments including a Chinese AI startup unveiling a massive open-weight model and delays in Google's flagship AI product.
The semiconductor sector experienced significant selling pressure as investors questioned whether AI-driven gains have pushed chip stock valuations too high. Even Samsung Electronics' strong quarterly results failed to satisfy market expectations, while news of Chinese startup DeepSeek developing its own AI chip added to concerns about the sector's near-term outlook.
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Michael Burry disclosed a short position in Micron Technology, a peer competitor to Applied Materials in the memory and semiconductor sector. Burry cited concerns that Micron's 240% rally since early 2026 was driven by investor enthusiasm rather than fundamentals, and highlighted the stock's cyclical history. He has also shorted other semiconductor stocks including Nvidia, Applied Materials, and a semiconductor ETF, reflecting broader caution on AI-related valuations.
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Applied Materials saw a significant single-day gain after Cantor Fitzgerald issued bullish commentary ahead of earnings, raising its price target to $850. The firm highlighted the company's strong positioning in AI semiconductor equipment, alongside peers. Applied Materials has guided for at least 30% revenue growth in its semiconductor segment for calendar 2026, driven by partnerships with major chipmakers.
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