Applied Materials stock surged to a record high after getting two price-target hikes. AMAT stock has been on a tear this year.

Bank of America raised Applied Materials' price target to $720 from $540, expanding its semiconductor TAM forecast to $2.7 trillion by 2030 on AI demand.

Top Wall Street analysts upgraded and downgraded several top companies, including Applied Materials, Robinhood, Liquidia, Airbnb, Praxis, Alnylam, and Uniqure.