Citi raises Applied Materials price target on NAND demand from agentic AI
By
Mwangi Enos
Summary
Citi raised its price target for Applied Materials (AMAT) stock, citing growing NAND flash memory demand driven by agentic AI applications. The analyst note triggered a more than 7% intraday surge in AMAT shares, trading near $610. The article discusses how the semiconductor equipment sector continues to benefit from AI infrastructure buildout, with NAND demand emerging as a new catalyst beyond the traditional GPU/processor AI narrative.
Source
bskyCiti raises Applied Materials price target on NAND demand from agentic AIbit.lyKey quotes
· 2 pulledCiti's latest call on Applied Materials (AMAT) is exactly that kind of note.
Shares of 58-year-old Applied Materials surged more than 7% intraday on June 17, trading near $610, after Citi raised its price target to $
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