Applied Materials, Other Chip Gear Stocks Hit Record Highs

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Semiconductor equipment stocks marched higher on Wednesday before pulling back. The group is benefiting from continued strong demand for new chip gear during the artificial intelligence boom. Applied Materials (AMAT) and other chip gear stocks are trading near record highs. Cantor Fitzgerald analyst C.J. Muse on Wednesday raised his price targets on four semiconductor equipment stocks: Applied Materials, ASML (ASML),…