Is Applied Materials Stock a Buy Now?

Applied Materials (NASDAQ: AMAT), one of the world's largest suppliers of semiconductor manufacturing equipment, has been a great long-term investment. Over the past 10 years, its stock rallied more than 600% and generated a total return of over 700%. The S 500 generated a total return of 260% during the same decade.

Applied Materials is a linchpin of the expanding semiconductor sector. Its growth is cyclical, but its revenue still rose at a compound annual growth rate (CAGR) of 12% from fiscal 2014 to fiscal 2024 (which ended this October) as its earnings per share (EPS) grew at a CAGR of 26%. Should investors still buy the stock today and expect it to stay ahead of the market?

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Source Fool.com