Applied Materials stock rises as Barclays upgrade meets TSMC’s plan to spend up to $56 billion
New York, January 16, 2026, 11:52 ET — Regular session Applied Materials (AMAT) shares climbed 1.8% to $324.85 in late morning trading Friday, pushing higher on a rally in chip-equipment stocks following a Barclays upgrade and new signs that major chipmakers intend to maintain their spending. The stock hit an intraday peak of $330.14. The move matters now because investors are fixated on one key question for 2026: will chipmakers continue splurging on new plants and the gear they require? Capital expenditure, or capex, refers to the funds companies allocate for factories and equipment. Higher capex often means more orders