On October 1, Applied Materials rose 4.33% in pre-market trading, trading at $522.56 per share, with turnover of $5.1277 million, extending its recent rebound momentum.

On the news front, Applied Materials announced that Kioxia has joined its Applied EPIC Center, with both parties set to jointly research advanced memory cell and structure formation, multi-chip stacking architectures, and novel materials engineering methods to boost storage density and performance required in the AI era. With this partnership, all four major global memory manufacturers — Samsung, SK Hynix, Micron, and Kioxia — are now collaborating with Applied Materials on next-generation memory technology.

Additionally, Morgan Stanley recently raised the company's 2027 revenue forecast to $50.7 billion and earnings per share estimate to $20.92, while projecting gross margins to climb from 48.8% to 52%. Although the firm trimmed its price target from $642 to $563, the upward revision to fundamental estimates has reinforced market confidence, particularly following the CEO's characterization of 2027 as a landmark year for the company.

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