Applied Materials (AMAT) Stock Today, November 28, 2025: Price, AI Tailwinds and Norges Bank Buying Keep Shares Near Highs
Applied Materials shares traded near $250.82 midday Friday, just below record highs, after touching $253 in a shortened Black Friday session. Norges Bank disclosed a new $1.6 billion stake, and UBS upgraded the stock to “Buy” with a $285 target earlier this week. AMAT is up about 40% in 2025, doubling from its 52-week low. Trading volume was lighter than usual due to the early market close.