Applied Materials stock jumps 6% as chip rally returns — what to watch before AMAT earnings
Applied Materials shares closed up 6.1% to $322.51 Friday, tracking a rally in chip stocks as the Dow topped 50,000 for the first time. After-hours, Applied slipped 0.1%. The Philadelphia SE Semiconductor index jumped 5.7% on renewed AI spending hopes. Applied reports earnings Feb. 12, ahead of key U.S. jobs and inflation data.