You Need These Companies, Says Jim Cramer About Applied Materials (AMAT)

Group 1 - Applied Materials Inc (NASDAQ:AMAT) plays a crucial role in the semiconductor supply chain, providing machines that assist chip manufacturers throughout the production process [2] - The company is particularly significant in the high-bandwidth memory (HBM) industry, which is essential for enabling high-speed data storage and transfer in computers [2] - Jim Cramer highlighted that despite AMAT's shares having increased by 43% year-to-date, the high demand for HBM could further benefit the company's stock performance [2][3] Group 2 - Cramer expressed excitement about AMAT, noting the unexpected surge in demand for high-bandwidth memory and emphasizing the necessity of the company in the current market [3] - While AMAT is seen as a promising investment, there is a belief that certain AI stocks may offer higher returns with limited downside risk [3]