Applied Materials stock jumps to a new high as Nvidia earnings lift chip equipment names
Applied Materials shares rose 4.5% to a record $394.95 Wednesday, with trading volume above the 50-day average. The move followed Nvidia’s strong revenue forecast and gains for semiconductor peers Lam Research and KLA. Insider filings showed director Judy Bruner and accounting chief Adam Sanders sold shares last week. Applied’s next earnings call is set for May 14.