Here is how Applied Materials (AMAT) and Chegg (CHGG) have performed compared to their sector so far this year.

Tucked inside SpaceX's pre-IPO S-1 filing are two project names most investors have never heard.

MALVERN, Pa.--(BUSINESS WIRE)--Applied Energy Systems has earned a Supplier Excellence Award from Applied Materials, Inc., the leader in materials engineering solutions for the semiconductor industry. Applied Materials' Supplier Excellence Awards recognize the company's top-performing suppliers for outstanding technical and operational achievements in areas including quality, service, sustainability, lead time, delivery, cost and responsiveness. Applied Energy Systems received the award for Bes.

Samsung and the memory chip cohort, riding a euphoric wave of HBM pricing and AI memory demand, have become the loudest trade in tech right now.

AMAT's operating leverage surges as AI demand, premium chip tools and recurring services lift margins to a 25-year high.

LITE, UCTT, and AMAT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 20, 2026.

Applied Materials, Inc. (AMAT) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

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AMAT's AIx software, diversified tools and cheaper valuation give it an edge over LRCX as AI chip spending accelerates.

Applied Materials NASDAQ: AMAT executives highlighted continued momentum tied to artificial intelligence-related semiconductor demand, with strength concentrated in advanced logic, DRAM and advanced packaging, during a presentation at J.P. Morgan's 54th annual Technology, Media and Communications Conference.