Applied Materials stock rebounds after selloff as exec cites ‘super cycle’ strain on chip tools
Applied Materials Inc rebounded 1.9% to $357.97 by Wednesday afternoon, clawing back some ground after tumbling 5.6% the previous day and ending at $351.32. This is a big deal: chipmaking tools form the bottleneck for AI-driven data-center expansion. Any delay in tool shipments drags down chip production too, upending the spending cycle.