Applied Materials stock jumps nearly 7% on fresh Wall Street targets as AI spending debate heats up
Applied Materials shares surged 6.9% to $301.18 Friday as chip stocks rallied, following price target hikes from Goldman Sachs and Mizuho. Analysts cited strong demand for memory and AI-related capital spending. Shares swung between $280 and $302.70 before the close. Investors await the Feb. 12 earnings report for updates on orders and China exposure.