Applied Materials (AMAT) Stock Hits Record Highs on AI Chip Boom – Latest News, Analyst Targets and Forecasts as of December 3, 2025
Applied Materials shares hit a record near $267 on December 3, up over 60% in 2025 as investors bet on AI chip demand. The stock closed at $265.33 on December 2, with a market cap around $211 billion. Analysts rate AMAT a “Moderate Buy,” but the average 12-month price target sits below current levels. Institutional ownership stands at about 80.5%.