Applied Materials, Inc. is trading 5.8% up at $100.00 on continued optimism for AI-related chip equipment demand and favorable sentiment toward growth and technology shares.

  • The stock is significantly outpacing broader U.S. indices, which are trading only slightly higher today.
  • The move extends a strong multi-day uptrend across the semiconductor and AI-linked hardware sectors.
  • The price action occurs despite a lack of fresh company-specific headlines or analyst calls emerging on June 2, 2026.