Impax US Sustainable Economy Fund highlighted in its Q2 2026 investor letter that US GPU manufacturer Applied Materials (Nasdaq: AMAT) was a significant contributor to the fund's performance. The letter noted that Applied Materials benefited from a recovery in semiconductor capital expenditure, as major logic and memory chip manufacturers restarted previously delayed investment plans, leading to strong orders and an upward revision of the company's full-year guidance. Applied Materials' stock price has risen by 180.60% over the past year, but has fallen by 12.91% in the past month.