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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the accelerating technological arms race, big tech's shift toward hardware self-sufficiency has triggered a robust rally in the semiconductor equipment sector. Applied Materials shares jumped nearly 7% following reports that Meta Platforms plans to commence manufacturing its proprietary in-house AI chips this September. The rally extended to major wafer fabrication equipment firms including Lam Research and KLA Corp, as well as infrastructure providers like Vertiv, signaling market confidence in sustained demand for advanced manufacturing tools.
This collective surge comes as hyperscalers seek to reduce reliance on external chipmakers, directly benefiting the companies that provide the essential machinery for chip production. For context, peer technology giants saw Microsoft close at $384.36 and Apple at $316.22 per market data on July 9, 2026. Industry experts note that Meta's transition to in-house production represents a significant long-term revenue stream for equipment manufacturers who supply the specialized tools required for high-end AI silicon.
Regarding market levels, META stood at $631.48 at close on July 9, 2026, while AMAT was positioned at $592.79 as of its July 6, 2026 close. Investors are also monitoring KLAC, which finished at $229.52, and VRT at $323.92 (close July 9, 2026). With the economic calendar showing few immediate sector catalysts, market participants will focus on further official communications from Meta regarding its production timelines heading into September.