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Why Applied Materials Stock Jumped 27% in September

TheMotleyFool

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Why Applied Materials Stock Jumped 27% in SeptemberPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Applied Materials (NASDAQ: AMAT) was among several semiconductor equipment companies to gain last month, as the company, known for making equipment to produce chips and display panels, benefited from several macroeconomic and sector-level news items last month.

While there was no major company-specific news out on Applied Materials last month, the related items were enough to drive the stock up 27%, according to data from S&P Global Market Intelligence.

As you can see from the chart, much of the gains came in the middle of the month.

Source Fool.com

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