On October 2, Applied Materials rose 3.14% in regular trading, trading at $546.52/share, with turnover of $474 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 its $5 billion EPIC Innovation 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 is designed to shorten the path from early-stage research to full-scale manufacturing of breakthrough technologies.

Notably, following Kioxia's recent addition to the EPIC Center, all four of the world's leading memory manufacturers — Samsung, SK Hynix, Micron, and Kioxia — are now collaborating with Applied Materials on next-generation memory technology, marking a significant expansion of the center's ecosystem. Meanwhile, Morgan Stanley recently raised its fiscal 2027 revenue forecast for the company to $50.7 billion and EPS estimate to $20.92, projecting gross margins to climb from 48.8% to 52%.

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