Applied Materials stock at EUR 375.68 as Besi stake remains in focus

Applied Materials stock was at EUR 375.68 at Lang & Schwarz on October 29, 2026, at 4:02:54 p.m. Berlin time. That is 3.31 percent above the EUR 363.63 indication recorded in the latest relevant pre-market report on October 28. The comparison is separate from any Xetra daily move.

Besi investment remains the key update

On October 26, Applied Materials announced an agreement to increase its investment in BE Semiconductor Industries, known as Besi, to approximately 20 percent of the outstanding shares. The Applied Materials news release said the purchase would add to the company's existing investment, initially made in April 2025.

The transaction is structured as an accelerated share purchase agreement. Delivery of the shares remains conditional on the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.

Partnership focuses on advanced packaging

Applied Materials said the collaboration with Besi began in 2020 and was recently expanded through Besi's role as an Innovation Partner at Applied's EPIC Center. The companies are extending work beyond hybrid bonding into new interconnect architectures, three-dimensional integrated-circuit scaling, logic and memory integration, and thermo-compression bonding.

Applied Materials describes the investment as long term. It currently has no intention to increase the holding beyond approximately 20 percent and does not intend to seek representation on Besi's board.

Results are the next catalyst

Applied Materials' investor-relations calendar lists fourth-quarter and fiscal 2026 results for November 12, 2026. Investors will therefore assess the Besi strategy alongside the company's operating performance and outlook for semiconductor-equipment demand.

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US technology shares remain sensitive to expectations for artificial-intelligence infrastructure and semiconductor investment; broader market context is available in the S&P 500 market topic.

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