Why Applied Materials Stock Rose 22.2% in February

Why Applied Materials Stock Rose 22.2% in February
Billy Duberstein, The Motley Fool
·2 min read

Semiconductor equipment supplier Applied Materials (NASDAQ: AMAT) rose 22.2% in February, according to data provided by S&P Global Market Intelligence. The company benefited not only from a strong earnings report in the middle of the month, but also from strong results from peers and customers that forecast heavy spending on semiconductor equipment this year. Applied Materials started off the month strong, riding the tailwind from the late January earnings report from key customer Taiwan Semiconductor Manufacturing (NYSE: TSM).