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Santa Clara, California-based Applied Materials, Inc. (AMAT) provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries in the United States and internationally. The company has a market cap of $326 billion and operates through Semiconductor Systems and Applied Global Services (AGS) segments.
AMAT shares have rallied the broader market over the past year and surged 180.1% compared to the S&P 500 Index ($SPX) 31.4% surge. Moreover, in 2026, the stock has grown nearly 66.8%, outperforming the SPX’s 7.6% rise as well.