Applied Materials Inc is trading at $589.90 (4% up) in pre-market, extending last week’s strong gains in semiconductor and AI-related names amid a broad tech rally.
- The move follows a climb in U.S. futures and Nasdaq-linked growth stocks as easing geopolitical tensions and lower oil prices boost global risk appetite.
- Rate-sensitive sectors like semiconductors are seeing increased demand despite a lack of new company-specific headlines or filings overnight.