🟢 Applied Materials is trading 3.2% up today as semiconductor equipment names rebound from AI selloff

Applied Materials is trading 3.2% up at $121.00 as chip and semiconductor equipment names rebound from the recent AI-driven selloff.

• The move aligns with a broader semiconductor sector rally as investors buy back chip stocks following a period of profit-taking.
• The recovery follows recent risk-off pressure that had impacted richly valued AI names across the industry.