Applied Materials stock price has rebounded in the past two consecutive days, moving from a low of $288 on February 4 to the current $322. It is approaching the all-time high of $345 as traders watch for the upcoming financial results.

Applied Materials stock is benefiting from the AI boom

AMAT is a top company that works behind the scenes and helps to power top semiconductor firms like NVIDIA, Intel, and AMD. It provides products that are widely used in the manufacture, including popular solutions like atomic layer deposition, chemical vapor deposition, and epitaxy.

The company’s business has done well in the past few years as companies have continued boosting through AI spending, a trend that is set to accelerate this year. The top four companies in the industry are expected to boost their AI spending to over $660 billion.

Applied Materials is also benefiting from the ongoing memory demand that has made companies like Micron, Seagate, and Western Digital some of the best performers in Wall Street this year.

The most recent results showed that the company’s revenue rose modestly in 2025, with its semiconductor business revenue rising by 4% to $20.8 billion and its applied global services segment rising by 3% to over $6.4 billion. It was its sixth consecutive year of growth, which was notable because of the trade restrictions that happened during the year.

Applied Materials also experienced high margins and profitability during the year. The gross margin rose by 120 basis points to 48.8%, while the operating margin rose to 30.2%.

Wall Street analysts expect its upcoming results to show that its revenue and profitability dropped slightly in the last quarter. The average estimate is that the revenue dropped by 4% to $6.8 billion, while its EPS moved from $2.38 to $2.21. 

However, on the positive side, analysts believe that its revenue growth will resume in the next few quarters, with the average annual revenue estimate being $29.2 billion. Analysts also expect the revenue to grow by 16% to over $33 billion.

Most analysts are optimistic about the AMAT stock price. Deutsche Bank recently upgraded the stock target from hold to buy. Citigroup also boosted the target from $250 to $400. Other top analysts like Morgan Stanley, Mizuho, Needham, and Keybanc have maintained their bullish outlook.

However, the average target for the stock is $328, which is slightly above the current $32], meaning that analysts don’t expect substantial growth in the near term.

AMAT stock price technical analysis 

AMAT stock chart |Source: TradingView 

The daily timeframe chart shows that the AMAT stock price has rebounded in the past few months, moving from a low of $123 in April last year to a record high of $345 this year.

It has constantly remained above the 50-day and 100-day Exponential Moving Averages (EMA) and the Supertrend indicator. It also formed a giant hammer candlestick pattern on the daily chart.

Therefore, the most likely AMAT stock price forecast is bullish, with the initial target being the all-time high of $345. A move above that level will point to more gains, potentially to the psychological level at $400. A drop below the key support level at $270 will invalidate the bullish outlook.

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