🟢 Applied Materials is trading 10% up in pre-market as semiconductor stocks recover from AI-driven rout

Applied Materials is trading at $351.72, up 10.17%, as semiconductor stocks rebound after Thursday’s sharp sector sell-off.

• Reports said the broader chip rally was a recovery after the AI-driven rout.
• The sell-off reflected investor concerns about AI regulation and data-center investment following the midterm election results.
• No company-specific announcement was identified; the next earnings report is scheduled for November 12.