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Applied Materials (AMAT) Shares Rose on AI-Driven Wafer Fabrication Spending
Columbia Seligman Global Technology Fund stated in its Q2 2026 investor letter that Applied Materials, Inc. (NASDAQ:AMAT) shares rose during the quarter. The fund noted that investor confidence in sustained wafer fabrication equipment spending, driven by AI-driven semiconductor demand, particularly in leading-edge logic and advanced packaging, contributed to the stock's performance. The fund held an overweight position in Applied Materials.
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