BUZZ-Applied Materials gains after Mizuho lifts target price

Applied Materials, Inc.

Applied Materials, Inc.

AMAT

0.00

** Shares of chip equipment maker Applied Materials AMAT.O jumps 7.2% to $611.50 premarket

** Mizuho raises PT to $650 from $540, implying about 14% upside to the stock's last close

** AMAT benefits from AI-driven tailwinds in high-bandwidth memory capacity expansion and strong foundry and logic spending - Brokerage

** Raises its 2027 global wafer fabrication equipment spending forecast, citing AI-driven demand for leading-edge logic and memory

** 34 of 39 brokerages rate the stock "buy" or higher and five "hold"; their median PT is $565 - data compiled by LSEG

** Up to last close, the stock has more than doubled YTD


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