On October 2, Applied Materials rose 3.07% in pre-market trading, trading at approximately $544.81 per share, with turnover of $30.28 million, extending its recent rebound momentum.

On the news front, Applied Materials announced an expanded partnership with Netherlands-based BE Semiconductor Industries, which has officially joined the company's $5 billion Equipment and Process Innovation and Commercialization (EPIC) Center in Silicon Valley as an innovation partner. The collaboration will focus on next-generation 3D integrated circuit scaling, logic and memory integration, and photonics applications supporting AI infrastructure build-out. The EPIC Center, expected to be ready for operations this year, is designed to reduce the time it takes to commercialize breakthrough technologies from early-stage research to full-scale manufacturing.

This announcement follows Kioxia's recent addition to the EPIC Center, meaning all four of the world's leading memory manufacturers — Samsung, SK Hynix, Micron, and Kioxia — are now engaged in next-generation memory technology collaboration with Applied Materials. Meanwhile, Morgan Stanley recently raised its fiscal 2027 revenue forecast for the company to $50.7 billion and EPS to $20.92, projecting gross margins to climb from 48.8% to 52%.

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