18 Trending AI Stocks on Latest Analyst Ratings and News

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

Number of Hedge Fund Holders: 77

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, services, and software for the semiconductor industry. The company seems ahead of the curve with regards to AI needs as it has spent a considerable amount of money over the past few years to build a portfolio that boasts important data center tech like transistors, backside power delivery, advanced DRAM and High Bandwidth Memory (HBM). The HBM market has been a significant growth driver for the stock in recent months. HBMs are important components in AI GPUs that perform complex AI workloads. With DRAM demand also strong, the firm delivered more than 50% revenue growth on a sequential basis in the third fiscal quarter.

Applied Materials, Inc. (NASDAQ:AMAT) stock is closely monitored by analysts on Wall Street. Stifel has a Buy rating on the shares with a price target of $270. In an investor note, the advisory noted that the third quarter results of the firm and outlook modestly exceeded consensus estimates, reflecting gradual growth in system and service revenue, despite revenue to China being down 24% quarter over quarter. However, with China exposure now more de-risked, the advisory backed the company to grow at/above the industry in 2025.

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