Applied Materials: WFE Spending To Support Growth

Applied Materials (NASDAQ: NASDAQ: AMAT ) is the broadest supplier of semiconductor equipment, and in our view, is well positioned to benefit from industry megatrends trends, especially AI. Over the longer term, we believe that wafer fab equipment (WFE) spending can continue to grow at a high-single-digit rate. According toWe are avid investors subscribed to the beliefs of unearthing deep value gems in the market. We believe growth and value are not mutually exclusive. We have an affinity towards the techno ...