Applied Materials Stock 9-Day Winning Spree: Stock Climbs 22%
Applied Materials (AMAT) stock hit day 9 of a continuous streak of days with gains, with cumulative gains over this period amounting to a 22% return. The company has gained about $27 Bil in value over the last 9 days, with its current market capitalization at about $146 Bil. The stock remains 67.3% above its value at the end of 2024. This compares with year-to-date returns of 16.6% for the S&P 500.
Applied Materials’ recent streak was ignited by robust Q4 earnings exceeding expectations and an optimistic Q1 outlook, fueled by surging AI-driven demand for advanced memory and logic chips. Strategic analyst upgrades and the company’s pivotal role in next-generation wafer fab equipment and global diversification efforts further amplified investor confidence.
What is the point? Momentum often precedes conviction. A multi-day win streak can signal growing investor confidence or spark follow-on buying. Tracking such trends can help you ride the strength, or prepare for a well-timed entry if momentum fades. Our take: There are only a couple of things to fear in AMAT stock given its overall Strong operating performance and financial condition. This is aligned with the stock’s High valuation because of which we think it is Fairly Priced (see Buy or Sell AMAT).
For quick background, AMAT provides manufacturing equipment, services, and software for semiconductor chip fabrication and display technologies, including LCD, OLED, and other displays for various electronic devices.
Comparing AMAT Stock Returns With The S&P 500
The following table summarizes the return for AMAT stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | AMAT | S&P 500 |
|---|---|---|
| 1D | 0.3% | 0.1% |
| 9D (Current Streak) | 22.3% | 4.9% |
| 1M (21D) | 17.3% | 1.3% |
| 3M (63D) | 65.9% | 5.8% |
| YTD 2025 | 67.3% | 16.6% |
| 2024 | 1.1% | 23.3% |
| 2023 | 68.0% | 24.2% |
| 2022 | -37.5% | -19.4% |
However, big gains can follow sharp reversals – but how has AMAT behaved after prior drops? See AMAT Dip Buyer Analysis to learn more.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 87 S&P constituents with 3 days or more of consecutive gains and 71 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 63 | 17 |
| 4D | 2 | 37 |
| 5D | 5 | 11 |
| 6D | 4 | 6 |
| 7D or more | 13 | 0 |
| Total >=3 D | 87 | 71 |
Key Financials for Applied Materials (AMAT)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $26.5 Bil | $27.2 Bil |
| Operating Income | $7.7 Bil | $7.9 Bil |
| Net Income | $6.9 Bil | $7.2 Bil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $7.1 Bil | $7.3 Bil |
| Operating Income | $2.2 Bil | $2.2 Bil |
| Net Income | $2.1 Bil | $1.8 Bil |
While AMAT stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.