Applied Materials Inc. stock (US0382221051): AI-driven momentum lifts shares and analyst target ahea

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Applied Materials Inc. (AMAT) stock is trading near record highs, driven by strong AI-related demand for semiconductor manufacturing equipment. Morgan Stanley recently increased its price target for AMAT to $454, citing AI infrastructure momentum and potential for higher gross margins. The company’s upcoming May 14 earnings report is a key event that will indicate if this momentum can be sustained.

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