Applied Materials is trading at $83.70, up +4.36%, as semiconductor stocks rebound after recent selling.

  • Chip stocks are stabilizing following pressure from Lam Research’s supply-constraint outlook; SOXX is up 2.91%.
  • Broader U.S. indexes are also higher as investors watch major technology earnings and the Federal Reserve meeting this week.
  • No clear company-specific announcement explaining the gain surfaced in the search.