Applied Materials Rising On Big Volume (AMAT, INTC)

Shares of Applied Materials AMAT are surging on very heavy volume during Friday's trading session after Intel INTC reported better than expected earnings after the close on Thursday. AMAT has risen 5.63% to $15.05. More than 21.77 million shares have already traded hands compared to a daily average volume of 11.30 million. Applied Materials, Inc. (Applied) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries.