Jim Cramer Explains Morgan Stanley’s Coverage Of Applied Materials (AMAT)

Group 1 - Jim Cramer has discussed Applied Materials, Inc. (NASDAQ:AMAT) as a significant player in the semiconductor chip fabrication process, highlighting its status as one of the few American firms in this industry [2] - In May 2025, Cramer expressed a preference for Lam Research over Applied Materials, despite acknowledging the latter as a "remarkable company" [2] - Morgan Stanley upgraded Applied Materials' share price target to $209 and changed its rating from Equalweight to Overweight, citing the company's exposure to the DRAM market [2][3] Group 2 - Cramer commented on Morgan Stanley's previous negative outlook, indicating that concerns regarding Micron and NAND were alleviated as these companies are now performing well [3] - The article suggests that while Applied Materials has potential, there are AI stocks that may offer higher returns with limited downside risk [3]