Is Applied Materials Stock a Buy?
The past few years have been a wild ride for Applied Materials (NASDAQ: AMAT) investors.
Semiconductor and display manufacturing can be a volatile business, and Applied's basic materials and process engineering services are at the mercy of chip and display makers that use them. A slowdown in tech hardware started in 2018, sending shares into a tailspin and halving the value of the company -- only for signs of a rebound in the industry to send shares all the way back up and then some in the past year.
After all is said and done, the roller coaster has still yielded shareholders a better than 90% return over the last trailing three-year stretch. Not bad considering the volatility.
Source Fool.com
