Is Applied Materials a Buy?

The stock was recently downgraded, but that could be an opportunity for long-term investors.Applied Materials (AMAT 0.16%) has been an incredible long-term winner in the stock market but has retreated significantly from its all-time highs.Applied is the largest semiconductor equipment company in terms of revenue and the most diversified in terms of market reach. Yet, despite the artificial intelligence (AI) boom, which will need lots and lots of leading-edge chips and high-bandwidth DRAM memory (HBM) that A ...