Applied Materials

AMAT

Market cap $445B

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

With the exception of Alphabet, which has generated stellar returns over the past one, three, and five years, the other three hyperscalers' stocks have struggled mightily in 2026. The key lesson we have learned is that the semiconductor sector is notoriously cyclical, both in business cycles and in stock prices.

Applied Materials (NASDAQ: AMAT | AMAT Price Prediction) and KLA (NASDAQ: KLAC) both closed strong quarters tied to AI infrastructure buildout.

Shares of ON Semiconductor Corp (NASDAQ:ON) are trading 1% lower at $92.75 this afternoon, extending its stay below the $100 threshold.

MU, AMAT and CSCO are expanding AI products, partnerships and infrastructure to capitalize on strong demand in 2H 2026.

Applied Materials (AMAT) closed the most recent trading day at $575.39, moving 4.5% from the previous trading session.

Shares of Intel (NASDAQ:INTC | INTC Price Prediction) are down 4% to $104.97 in Monday morning trading, while Advanced Micro Devices (NASDAQ:AMD) stock is off 4% to $533.58 and Applied Materials (NASDAQ:AMAT) shares are down 4% to $581.

Applied Materials holds a dominant position in the semiconductor equipment market with a high net margin profile. Amkor Technology is a key provider of outsourced assembly and testing services with critical ties to top-tier chip designers.

U.S. stocks settled higher on Friday, with the Dow Jones index gaining around 150 points during the session.

Applied Materials (NASDAQ:AMAT | AMAT Price Prediction) just told the Street its semiconductor equipment business will grow more than 30% in calendar 2026, an upward revision from a prior bar of 20%.