Applied Materials stock rises as AMAT steadies with markets; Needham lifts target to $390
New York, Jan 21, 2026, 11:25 EST — Regular session Applied Materials, Inc. shares climbed 1.7% to $323.62 in late morning trading Wednesday, buoyed by a modest bounce in U.S. stocks and strength in chip equipment stocks. “That’s a sigh of relief for markets,” said Art Hogan, chief market strategist at B Riley Wealth, following President Donald Trump’s announcement that he would not pursue force to acquire Greenland. (Reuters) Applied supplies key wafer fabrication equipment—the machinery chipmakers rely on to produce semiconductors. Its stock typically reacts sharply to changes in spending forecasts. This is crucial as investors sift through order