Applied Materials (AMAT) Has a Shortage That Can’t Be Met, Says Jim Cramer

Company Overview - Applied Materials, Inc. (NASDAQ:AMAT) is one of the largest semiconductor manufacturing equipment providers globally [2] - The company has experienced a significant increase in its stock price, with shares up by 83% over the past year and 18.8% year-to-date [2] Analyst Ratings - Keybanc raised the firm's share price target to $380 from $285 and maintained an Overweight rating in mid-January [2] - Deutsche Bank upgraded the shares to Buy from Hold and increased the price target to $390 from $275 in January [2] - RBC Capital set an Outperform rating and a $385 share price target for the company [2] Market Demand - Jim Cramer highlighted the substantial demand for Applied Materials, noting that there is a shortage that cannot be met in the semiconductor capital equipment sector [3]