Why Applied Materials Rose 13.1% in May
Shares of semiconductor equipment manufacturer Applied Materials (NASDAQ: AMAT) rose 13.1% during the month of May, according to data from S&P Global Market Intelligence.
Though recessions are typically not a great time for semiconductor stocks, and thus semiconductor equipment stocks, today's pandemic-related recession could be one that actually accelerates digitization, which may serve as a counteracting tailwind to Applied Materials' business. In May, the tailwinds outweighed the headwinds as Applied rose during the month.
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Source Fool.com
