Why Applied Materials Stock Jumped 86.4% in 2019
Shares of Applied Materials (NASDAQ: AMAT) climbed 86.4% in 2019, according to data from S&P Global Market Intelligence, after there were signs of renewed demand for the semiconductor equipment leader's wares as industry spending began to rebound. The top tech stock absolutely smashed the S&P 500's roughly 29% return in the process.
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To be fair, we should note that Applied Materials stock effectively rebounded from a nearly 40% drop in 2018, amid persistently weak demand in the broader semiconductor space. Shares currently trade almost exactly even with their March 2018 high as of this writing.
Source Fool.com