Is Applied Materials a Buy?
Applied Materials (NASDAQ: AMAT) has been an incredible long-term winner in the stock market but has retreated significantly from its all-time highs.
Applied is the largest semiconductor equipment company in terms of revenue and the most diversified in terms of market reach. Yet, despite the artificial intelligence (AI) boom, which will need lots and lots of leading-edge chips and high-bandwidth DRAM memory (HBM) that Applied's machines help manufacture, investors have still seen the stock retreat over 32% from all-time highs seen back in July.
Now trading at a lower valuation and with AI-powered tech trends still ahead of us, does that make this long-term outperformer a screaming buy?
Source Fool.com
