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Applied Materials Stock Breaks Wedge as Rising Fab Forecasts Put $493 in Focus

Applied Materials Stock Breaks Wedge as Rising Fab Forecasts Put $493 in Focus

TradingKey – Applied Materials enters September 9 with a verified September 8 close of $472.79, up 3.98% and essentially matching the supplied $472.80 chart reference. Price has broken above the falling-wedge boundary after buyers defended the $427.26-$440 demand zone, but the reversal still needs confirmation above the $486.70-$493.05 resistance cluster. Fundamentally, the timing is notable: management said at Citi that customer forecasts are still rising, DRAM greenfield construction could become a multi-year equipment cycle, and advanced packaging is expanding rapidly. CEO Gary Dickerson’s Goldman Sachs appearance later today is the next catalyst.

Q3 Revenue and Cash Flow Hit New Records

Applied Materials reported fiscal Q3 revenue…

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