Applied Materials stock: what to know after AMAT’s earnings jump, with Wall Street shut for Presidents Day
Applied Materials shares closed up 8% at $354.91 Friday after forecasting stronger-than-expected sales and profit, citing AI-driven chip demand. The rally came as the company agreed to pay a $252 million penalty for illegal exports, with related U.S. probes closed. U.S. markets are shut Monday for Presidents Day and reopen Tuesday. Traders will watch if Applied’s gains hold after the long weekend.