Applied Materials stock is Ray Dalio's favorite in this new cycle

Key PointsRay Dalio has decided to look into the semiconductor industry; the stars aligned in these trends to give him the green light.Of all the names in the industry, he chose Applied Materials; all the while, Buffett and Vanguard ditched this other stock.Goldman sees further upside in the stock, and markets feel comfortable bidding it higher.5 stocks we like better than Taiwan Semiconductor ManufacturingEveryone essentially gave up on the semiconductor stocks since the demand for chips came down due to b ...