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Updated · MarketWatch · May 6Applied Materials stock hits new 52-week high
7 articles · Updated · MarketWatch · May 6
- Shares rose 4.33% to $428.62 on Wednesday, topping the previous $420.50 peak set on 24 April.
- The gain came in a broad market rally, with the S&P 500 up 1.46% and the Dow Jones Industrial Average rising 1.24%.
- It was Applied Materials' third straight daily advance, and trading volume of 7.2 million shares exceeded its 50-day average of 6.4 million.
As US sanctions accelerate China's chip independence, who is ultimately winning the global semiconductor technology race? With semiconductor forecasts nearing $1.3 trillion, are we witnessing an AI-fueled investment bubble poised to burst? Can emerging semiconductor hubs like India solve the industry's looming physical bottlenecks for next-generation AI chips?