Applied Materials (AMAT) jumped about 54% in June — its best month since 1975 — as AI-driven demand lifted earnings estimates and analysts raised price targets.
Applied Materials Inc. (NASDAQ:AMAT) is the best-performing stock in the S&P 500 this month, surging about 54% in June.
It is a move with almost no precedent in the company’s history.
On Applied Materials’s monthly return record stretching back to the early 1970s, a single-month gain this large has happened only twice before — in January 1975 and May the same year.
That makes June 2026 the stock’s strongest month since 1975.
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