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Applied Materials Stock Rallies as Goldman Sachs Turns Bullish on the Memory Chip Sector

Eric J. Savitz

Semiconductor equipment stocks are trading higher Monday after (GS) turned positive on the sector. It expects a pickup in demand from memory chip manufacturers starting in 2020. Note that Goldman Monday also upped its rating on (MU) (MU), as well as the South Korean memory chip maker (000660) (000660.Korea).