Why Applied Materials Rocketed 82.3% in 2021
Applied Materials (NASDAQ: AMAT) stock was a big winner in 2021, rising 82.3%, according to data from S&P Global Market Intelligence.
Applied is the world's largest and most diversified semiconductor equipment company by revenue. Since there was a huge chip shortage last year, Applied rode a wave of strong results as chipmakers scrambled to purchase machines to increase supply.
Even though the threat of rising rates hurt a lot of tech stocks toward the end of the year, Applied's terrific cash generation and quite reasonable valuation allowed it to weather those headwinds.
Source Fool.com
