What's Going On With Applied Materials (AMAT) Stock?
Portfolio Pulse from Henry Khederian
Applied Materials (AMAT) shares rose by 3.28% to $203.66 as semiconductor stocks rebounded after a market dip caused by geopolitical tensions. The initial sell-off was due to Iran's missile attack on Israel, but tech stocks, including AMAT, recovered as investors reassessed the situation.
October 02, 2024 | 3:54 pm
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Applied Materials shares increased by 3.28% as the semiconductor sector rebounded after a market dip due to geopolitical tensions. The stock initially fell with the tech sector but recovered as investors reassessed the situation.
AMAT's stock price increased as part of a broader recovery in semiconductor stocks following a market dip caused by geopolitical tensions. The initial sell-off was due to Iran's missile attack on Israel, but tech stocks, including AMAT, recovered as investors reassessed the situation and viewed the sell-off as an overreaction.
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