New York, January 5, 2026, 18:38 EST — After-hours
- Applied Materials shares were last up 5.7% after a strong regular-session rally in chip-equipment stocks
- Traders are positioning ahead of CES keynotes from AMD and Nvidia in Las Vegas
- Focus turns to Applied’s next earnings and any read-through on 2026 wafer-fab spending
Applied Materials, Inc. (AMAT.O) shares were last up 5.7% at $284.32 in late trading on Monday, after the chip-equipment maker rallied with the broader semiconductor complex. The stock hit an intraday high of $287.68 after opening at $276.12.
The move matters because Applied sells the tools chipmakers use to build semiconductors on silicon wafers, and those orders tend to rise when customers boost capital spending. Traders have been looking to CES for fresh signals on AI-driven demand and the next leg of data-center investment.
The Philadelphia Semiconductor Index was up about 1.7% in Monday trading, and Applied climbed alongside equipment peers Lam Research and KLA, MarketWatch reported. “Investors realize the great data-center build-out is still not reflected across all of the stocks that are impacted,” D.A. Davidson head of technology research Gil Luria told MarketWatch. MarketWatch
Nvidia added fuel at CES by unveiling its next “Vera Rubin” AI computing platform, a move that kept attention on the pace of spending for AI servers. For chip-tool suppliers, the question is when that demand translates into more factory build-outs and tool upgrades at foundries and memory makers. The Verge
The broader tape helped. The S&P 500 closed up 0.6% and the Nasdaq gained 0.7% on Monday, according to AP, keeping risk appetite intact for cyclical sectors such as semiconductors. AP News
The next potential catalyst is only hours away. AMD said its CES keynote begins at 9:30 p.m. ET on Monday, while Nvidia’s CES schedule shows multiple events in Las Vegas featuring CEO Jensen Huang this week. AMD
For Applied, investors continue to weigh an upbeat AI-linked backdrop against policy and geography risks. The company has said tighter U.S. export controls would curb China-related demand in 2026, even as it pointed to stronger memory spending tied to AI investment as a partial offset. Reuters
But the stock’s sharp run-up raises the penalty for any disappointment from CES read-throughs or customer spending plans. Applied previously warned that broader U.S. export restrictions could shave about $600 million from fiscal 2026 revenue, leaving China exposure a key swing factor for orders and service revenue. Reuters
Traders will watch whether AMAT holds above the $280 level and revisits Monday’s $288 area, while attention shifts to Applied’s next results, expected on Feb. 12 after the bell, according to Yahoo Finance’s earnings calendar. Guidance on wafer-fab tool demand and margins is likely to set the next direction for the stock. Yahoo Finance
