Applied Materials stock jumps 6% premarket as TSMC capex outlook lifts chip-tool names
Applied Materials shares rose 6.6% to $321.69 in premarket trading Thursday, rebounding from a nearly 1% drop Wednesday. The jump followed Taiwan Semiconductor’s strong profit and higher spending plans, along with new “Outperform” and “Buy” ratings from RBC Capital and Stifel. Lam Research and KLA also gained premarket. Applied Materials reports quarterly results Feb. 12.