15 Trending AI Stocks on Latest News and Ratings

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5. Applied Materials, Inc. (NASDAQ:AMAT)

Market Capitalization: $139.23 billion

Applied Materials, Inc. (NASDAQ:AMAT) is a leader in materials engineering solutions engaged in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. This key AI player provides the equipment needed to produce chips that power everything from personal computers to smartphones.

On November 15, TD Cowen analyst Krish Sankar maintained a “Buy” rating on Applied Materials, Inc. (NASDAQ:AMAT), reducing the price target to $230.00. The buy rating comes from strong operational enhancements and a favorable pricing strategy for Applied Materials. The company has a robust position in the market, with market leadership in Gate All Around (GAA) technology and high-speed memory. In particular, it possesses a top 25% share in DRAM and High Bandwidth Memory (HBM). Moreover, although there is some quarterly revenue volatility expected, strong spending on Integrated Circuit and Packaging Systems (ICAPS), especially from China, is expected to boost growth.

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