Is Applied Materials Still a Buy After Its Post-Earnings Surge?
Applied Materials(US:AMAT) The Motley Fool·2024-02-19 12:19The stock of leading semiconductor equipment supplier Applied Materials (AMAT 6.35%) rallied 6.4% on Friday to all-time closing highs near $200, following the company's first fiscal quarter earnings report.As I've written before, Applied is one of the least-risky ways to play the growth of semiconductors and artificial intelligence applications. But is the stock still a buy at all-time highs?A diversified "arms dealer" to semis and AIWhile Applied is known by many as a very cyclical stock, it has actually p ...