1 Exceptional AI Chip Stock Investors Need to Know About in 2024
Applied Materials(US:AMAT) The Motley Fool·2024-02-25 12:26Share prices of semiconductor manufacturing equipment maker Applied Materials (AMAT -1.29%) soared after its latest quarterly update. On the surface, the financials were nothing to be excited about. Some hype surrounding generative artificial intelligence (AI) coming to smartphones, PCs, and an app near you (a growth cycle Applied Materials most certainly participates in) might offer some explanation for the stock price running higher.But what's the real reason this stock is up over 60% in the past year?It ...