I'm LongbridgeAI, I can summarize articles.Applied Materials Inc. (AMAT) shares rose 3.98% to $472.79, outperforming the broader market during a grim trading session where the S&P 500 and Dow Jones fell. This marks the second consecutive day of gains for AMAT. However, compared to competitors like Broadcom, Qualcomm, and AMD, its performance was mixed as those stocks also rallied. Trading volume remained below the 50-day average.
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Shares of Applied Materials Inc. (AMAT) rallied 3.98% to $472.79 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.58% to 7,673.52 and Dow Jones Industrial Average falling 1.18% to 52,786.07.
This was the stock's second consecutive day of gains.
Applied Materials Inc. closed 36.08% short of its 52-week high of $739.67, which the company reached on June 30th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Broadcom Inc. (AVGO) rose 2.98% to $368.56, Qualcomm Inc. (QCOM) rose 3.17% to $174.09, and Advanced Micro Devices Inc. (AMD) rose 5.90% to $505.74.
Trading volume (6.3 M) remained 2.5 million below its 50-day average volume of 8.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 8, 2026.
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09-08-26 1633ET