AMAT +9%, KLAC +10%: AI Equipment Is Repricing as the Real Compute Rail

The rebound looked like a vote for semiconductor equipment

A sharp sector selloff reversed quickly, and the recovery gave investors a fresh read on sentiment. After the semiconductor complex erased $1 trillion in market cap in a single session, Jensen Huang described the drop as a chance to "buy at a discount" and said the AI revolution is still "at the beginning." That helped stabilize the group. Applied Materials jumped 9.1% and KLA rose 10.3%, suggesting investors were leaning back toward the companies supplying AI's hardware buildout rather than writing the spending cycle short.