Where Will Applied Materials Stock Be in 1 Year?

The past year has been a somewhat disappointing one for Applied Materials (AMAT -2.15%) investors. Share prices of the semiconductor equipment supplier did gain 15.5%, but they have underperformed the 31.5% gains clocked by the S&P 500 index over the same period.The stock's below-par performance can be attributed to the drop in semiconductor sales last year. More specifically, global semiconductor sales saw a decline of 8.2% in 2023. However, the industry's fortunes have changed remarkably in 2024, with sal ...