Applied Materials (AMAT) Stock Hits Record High: Is the AI Chip Boom Enough to Power 2026 Gains?
Applied Materials, Inc. (NASDAQ: AMAT) is closing out 2025 on a surge. Since November 21, 2025, the semiconductor equipment giant’s stock has jumped from the low $220s to hover just below record highs, driven by booming AI chip demand, upbeat guidance, and aggressive analyst upgrades — but also shadowed by U.S.–China export curbs and valuation worries. MarketBeat+1 This article rounds up the key news, earnings, forecasts, and valuation calls on AMAT from November 21, 2025 through today (December 11, 2025) and outlines what investors are watching heading into 2026. AMAT Stock Since November 21, 2025: From $224 to Near All‑Time