Applied Materials (AMAT) surged 13.44% on June 25, 2026, following Micron's (MU) blockbuster fiscal Q3 earnings report...

Applied Materials (AMAT) surged 13.44% on June 25, 2026, following Micron's (MU) blockbuster fiscal Q3 earnings report that beat analyst expectations and raised guidance. Micron's revenue more than quadrupled year-over-year to $41.46 billion, and it forecast about $50 billion for the current quarter, driven by surging AI infrastructure demand for memory chips. The company also signed 16 long-term agreements worth $22 billion in financial commitments, locking in sales for 3-5 years. This robust demand directly benefits AMAT, a key supplier of semiconductor equipment for memory manufacturing. The strong earnings lifted the entire chip sector, reversing a selloff, and underscore sustained AI capex cycles. Source: SEC XBRL data shows AMAT's revenue of $14.27B and net income of $3.32B for its latest quarter, indicating solid fundamentals. CNBC article details Micron's earnings and AMAT's stock move. The signal points to increased equipment demand from memory makers, positively impacting AMAT's order book and revenue outlook.