Applied Materials, Inc.

• AMAT Stock Price 24h change: +5.69%. From 301.89 USD to 319.08 USD. The surge was driven by a wave of bullish analyst upgrades from major firms like Barclays, Wells Fargo, and KeyBanc, alongside strong sector momentum following TSMC's robust revenue forecast and increased capital spending plans for 2026.
• From a technical perspective, AMAT is exhibiting a "strong bullish breakout": the stock recently gapped up to hit new 52-week highs, supported by a significant increase in trading volume (44% above average). While the Relative Strength Index (RSI) approaching overbought levels suggests potential near-term consolidation, the stock remains positioned above all major moving averages (MA50, MA200), signaling a sustained upward trend.
• KeyBanc raised its price target for AMAT to $380 on January 16, citing the company's integral role in enabling vertical chip architectures and its status as a diversified leader in a "Super Cycle" where semiconductor sales are projected to hit $1 trillion.
• Barclays upgraded AMAT to "Overweight" with a $360 target on January 15, highlighting increased AI-related spending by chipmakers as a primary catalyst for stronger equipment orders and improved revenue visibility.
• Applied Materials announced its High Bandwidth Memory (HBM) revenue hit $1.5 billion in FY2025, with a strategic goal to double this to $3 billion as future HBM generations shift toward hybrid bonding technology.
• TSMC announced a massive 2026 capital expenditure forecast of $52-$56 billion, a significant jump that boosted confidence across the semiconductor equipment sector by signaling aggressive capacity expansion for advanced AI nodes.
• The U.S. and Taiwan signed a landmark $500 billion trade agreement on January 15, which includes massive reshoring of semiconductor manufacturing to the U.S. and reduces tariffs on Taiwanese chip imports to 15%.

• AMAT Stock Price 24h change: +8.20%. From 301.89 USD to 326.53 USD. The stock surged to a new 52-week high following a major customer's (TSMC) robust capital spending forecast and multiple analyst upgrades.
• From a technical perspective, AMAT displays a "Strong Buy" configuration with its price trading above the 5, 10, 20, 50, and 200-day moving averages. While the RSI (14) at 70.85 indicates overbought conditions, the MACD (5.25) remains bullish, suggesting strong momentum driven by high trading volume.
• Barclays upgraded AMAT to "Overweight" from "Equalweight" and raised its price target to $360, citing a multi-year tailwind from massive global AI infrastructure spending.
• Applied Materials announced its High Bandwidth Memory (HBM) revenues reached $1.5 billion in fiscal 2025, with a strategic goal to double this to $3 billion in the coming years.
• Stifel maintained a "Buy" rating and hiked its price target to $340 from $250, while RBC Capital initiated coverage with an "Outperform" rating and a $385 target following TSMC's positive outlook.
• TSMC reported a 35% jump in Q4 profit and announced plans to increase 2026 capital expenditure to $52-$56 billion, signaling sustained demand for advanced chipmaking equipment.
• Global semiconductor stocks rallied as the U.S. and Taiwan reached a trade agreement involving a $250 billion investment in domestic American production capacity in exchange for capped tariff rates.