Applied Materials has received a boost from Bank of America’s newly raised price target—reportedly among the highest on Wall Street. Capitalizing on accelerating AI investments and healthy semiconductor forecasts, the company enjoys heightened market enthusiasm.

The White House has confirmed that it is in talks to acquire up to a 10% stake in Intel, one of the world’s leading chipmakers. According to Press Secretary Karoline Leavitt, the move reflects the Trump administration’s focus on putting national security and economic interests at the forefront.