Applied Materials (AMAT) Stock Near Record Highs as AI Demand Offsets China Export Curbs – November 30, 2025
As of Sunday, November 30, 2025, Applied Materials, Inc. (NASDAQ: AMAT) sits just below its all‑time high after a packed month of record earnings, restructuring, and fresh pressure from U.S. export rules aimed at China. The stock closed Friday at $252.25, near its 52‑week high of $252.66, extending a roughly 44% gain over the past 12 months and more than 50% in 2025 on many measures. nasdaq.com+2Investing.com+2 Behind that move is a mix of powerful AI-driven demand for advanced chips, record margins, a new round of layoffs and cost cuts, and growing uncertainty about how much business AMAT will be