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Applied Materials Expands Intel AI Partnership as Shares Pull Back

MixedMedium impact
AMAT$507.03 −0.50%

Applied Materials, Inc. (NASDAQ:AMAT) has expanded its research partnership with Intel to speed up the development of artificial intelligence hardware. The collaboration focuses on next-generation transistors, interconnects, and 3D packaging. Joint activities will take place at Intel's Hillsboro laboratory and Applied Materials' EPIC Center facility, which is scheduled to come online this year.

Despite the technology initiative and a positive research update from Goldman Sachs, which kept a Buy rating while raising its growth and margin forecasts, Applied Materials stock faced downward pressure. The stock traded down 0.50% to $507 USD after slipping about 1.6% to $533.59 earlier. Financial disclosures also revealed that Representative Josh Gottheimer conducted two small transactions in the stock during 2026, incurring a paper loss on a September sale.

Investors will be watching for the opening of the EPIC Center later this year to see how quickly joint research leads to commercial chip equipment. Markets will also monitor whether broader semiconductor demand helps the stock align with upgraded growth targets.

Key points

  • Applied Materials, Inc. (NASDAQ:AMAT) is deepening R&D ties with Intel to develop advanced AI transistors, interconnects, and 3D packaging.
  • Research will take place at Intel's Hillsboro laboratory and Applied Materials' EPIC Center, which opens this year.
  • Goldman Sachs maintained its Buy rating on Applied Materials and raised its growth and profit margin forecasts.
  • Applied Materials stock declined 0.50% to $507 USD following an earlier midday fall of roughly 1.6%.

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Questions and answers

What is the new partnership between Applied Materials and Intel?

Applied Materials and Intel are expanding joint research to accelerate AI-focused transistors, interconnects, and 3D packaging technologies.

Why did Applied Materials stock drop despite a Goldman Sachs upgrade?

Applied Materials shares fell 0.50% to $507 USD as broader market trading offset Goldman Sachs maintaining a Buy rating and raising growth forecasts.

Where will the Applied Materials and Intel R&D work take place?

Joint research will be conducted at Intel's lab in Hillsboro and Applied Materials' EPIC Center facility, which comes online this year.