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Applied Materials and Photronics Stocks Trade Up, What You Need To Know
Semiconductor stocks, including Applied Materials and Photronics, surged today following strong earnings from Intel and an optimistic industry forecast from research firm Omdia. Intel’s data center growth and Omdia’s raised revenue forecast for 2026, driven by AI demand, propelled the broader semiconductor sector. This positive movement also reflects a broadening “AI trade” beyond specialized chips and a favorable environment for capital expenditures due to cooling energy-driven inflation.