Applied Materials Stock Surges 183% in a Day Ranking 68th in Trading Volume

Generated by AI AgentAinvest Volume Radar
Monday, Jun 9, 2025 8:00 pm ET1min read

On June 9, 2025,

(AMAT) saw a trading volume of $1.075 billion, ranking 68th in the day's stock market activity. The company's stock price rose by 1.83%, marking its sixth consecutive day of gains, with a total increase of 8.32% over the past six days.

Applied Materials reported first-quarter earnings that exceeded analyst expectations. The company's revenue reached $7.1 billion, a 6.8% year-over-year increase, which aligned with analysts' forecasts. However, the overall performance was mixed, as the company's earnings per share (EPS) for the quarter were $2.39, surpassing the consensus estimate of $2.31 by $0.08.

Despite the positive earnings report, Applied Materials noted that customer demand remained unchanged amidst market uncertainty. The company's CEO also announced a $10 billion share buyback program, which contributed to the stock's surge. This move, along with the earnings beat, has bolstered investor confidence in the company's future prospects.

Comments



Add a public comment...
No comments

No comments yet