Applied Materials (AMAT) Soars Over 15% Intraday, Whale Goes Long with 3x Leverage on Hyperliquid Contract Launch

BlockBeats News, June 30. According to Hyperinsight Monitoring, AI semiconductor equipment leader Applied Materials (AMAT) closed up 10.8% yesterday, continued to rise by 4.8% in after-hours trading, with a total increase of over 15%, currently trading at $729. Amid the recent strong performance of its stock price, Hyperliquid launched AMAT perpetual contracts yesterday.

After the launch, a savvy whale (0x988) on the platform opened a long position with 3x leverage, swiftly establishing an AMAT long position with 3x leverage at an average entry price of $699, a liquidation price of $490, and currently holding a position of about $220,000.

This trader, with an initial capital of about $500,000, has steadily achieved a return of over 140% in six months, and the account size has now grown to over $1.2 million. Apart from a short position in STRC, the rest of the positions are overall bullish on the semiconductor industry chain, covering targets such as SNDK and KIOXIA.

Additional Information: AMAT is one of the world's largest semiconductor equipment manufacturers, regarded as the "seller of shovels" in the AI storage industry chain upstream, with customers including Micron, Samsung Electronics, SK Hynix, TSMC, and other major global wafer manufacturers.

Recently, as Micron and other storage manufacturers have consistently outperformed expectations, and the logic of AI storage expansion has been continuously strengthened, the market's focus has shifted from storage chip leaders like MU and SK Hynix to upstream equipment manufacturers like AMAT. After the company released six new-generation devices for AI DRAM and advanced packaging on June 25, several institutions, including Cantor Fitzgerald, vigorously raised their target prices, and AMAT's stock price has recently continued to hit new all-time highs.

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