Applied Materials stock jumps nearly 6% as Citi lifts target to $400, eyes turn to Feb. 12 earnings
New York, Feb 6, 2026, 12:35 EST — Regular session Shares of Applied Materials jumped 5.7% to hit $321.20 on Friday, leading the charge among U.S. chip-equipment stocks in midday trading. The surge comes as investors untangle the “picks-and-shovels” angle from the wider AI frenzy — a divide that’s grown messier this week amid Big Tech’s rising capex. “The market…