Applied Materials Rose 15% on Thursday and Is Still More Than 30% Below Its High. It Reports on Aug. 13.

Applied Materials (AMAT) saw its stock rise 15% on Thursday, July 30, without company-specific news, driven by strong earnings from peer Lam Research. Despite the gain, the stock remains over 30% below its 52-week high. Investors are now looking to Applied Materials' fiscal third-quarter earnings report on August 13 for confirmation of this optimistic movement, with expectations for record revenue and sustained growth driven by the AI build-out.