Prediction: 1 Struggling AI Stock to Buy in December Could Make Investors a Fortune in 2025
Applied Materials (NASDAQ: AMAT) is one of the few stocks related to artificial intelligence (AI) that has retreated this year. Shares are down 37% from their all-time high as of this writing. The equipment supplier for semiconductor manufacturing facilities is getting hit over fears the U.S. government will bar it from selling products to China, one of its most important markets. Outside of AI, the wider semiconductor market has gone through a downturn, hurting revenue growth for semiconductor equipment makers.
The shortsighted thinking driving this sell-off creates a buying opportunity for a stock that has made investors a fortune over the long term. Manufacturers will need more and more of Applied Materials' equipment to keep making advanced computer chips, which will lead to increased revenue and profits for the business.
Here's why beaten-down AI stock Applied Materials is set to bounce back in 2025.
Source Fool.com
