In its first-quarter 2026 investor letter, RiverPark Large Growth Fund highlighted Applied Materials, Inc. (NASDAQ:AMAT) as a top contributor.
Applied Materials, Inc. (NASDAQ:AMAT) is a leading supplier of materials engineering solutions, equipment, services, and software to the semiconductor and related industries
On July 2, 2026, Applied Materials, Inc. (NASDAQ:AMAT) closed at $603.04 per share. One-month return of Applied Materials, Inc. (NASDAQ:AMAT) was 33.12%, and its shares gained 215.65% over the past 52 weeks. Applied Materials, Inc. (NASDAQ:AMAT) has a market capitalization of $493.22 billion.
RiverPark Large Growth Fund stated the following regarding Applied Materials, Inc. (NASDAQ:AMAT) in its Q1 2026 investor letter: “Applied Materials, Inc. (NASDAQ:AMAT): AMAT was the portfolio’s top contributor for the quarter, advancing 33% as its strong fiscal Q1 2026 earnings report, released on February 12, significantly outperformed expectations. The company reported revenue of $7.01 billion, above the $6.88 billion consensus estimate, and adjusted EPS of $2.38, beating expectations of $2.21 per share. Management attributed the results to accelerating industry investments in AI computing, with strength across semiconductor systems, Applied Global Services, and display segments.