RTTNews | Jan 13, 2022 10:14AM EST

10:13 Thursday, January 13, 2022 (RTTNews.com) - Shares of chipmaker Applied Materials, Inc. (AMAT) are rising 4 percent on Thursday's trading, continuing the upward movement since the past few days.

The stock's upward tick comes in the backdrop of analysts predicting that the semiconductor sector will be a big gainer in 2022 as demand grows and supply-chain constraints ease.

Currently, at $165.90, the stock has traded between $96.07 and $166.53 during the past 52 weeks.

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