On September 18, Applied Materials rose 3.03% in regular trading, trading at $430.111 per share, with turnover of $686 million. The stock continued its upward momentum following the company's announcement at the SEMICON India conference of a plan to invest $5 billion in India over the next decade.

According to public reports, Applied Materials will establish a 140-acre research campus in Bangalore and introduce new technologies, while aiming to expand its India-based supply chain capacity tenfold by 2035. The investment spans R&D, supply chain expansion, and talent development. Analysts view the move as a strategic effort to diversify geopolitical risk amid ongoing trade tensions and export controls, while extending the global semiconductor supply chain into India — following similar moves by chipmakers such as Micron.

In its most recent fiscal Q3 results reported in August, the company posted revenue of $9.1 billion and adjusted EPS of $3.50, both exceeding estimates. UBS noted that Applied Materials is doubling systems manufacturing capacity by 2028, while RBC highlighted over 70% growth in Advanced Packaging for the year. The semiconductor equipment sector traded broadly higher, with Lam Research up 4.03%, AXT Inc up 4.41%, Teradyne up 2.54%, KLA Corporation up 2.35%, and ASML up 1.33%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)