19 Trending AI Stocks on Latest Analyst Ratings and News

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14. 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 firm is one of the most well-positioned in the semiconductor equipment market to take advantage of the AI boom, driven by growth in HBM, DRAM, and advanced packaging. Some of the factors expected to hold the firm in good stead include investments in advanced technologies and energy-efficient computing solutions. With 5.5% revenue growth and 7.4% adjusted operating profit growth in the latest quarter, the firm has guided revenue forecast of $27 billion for this fiscal year.

Applied Materials, Inc. (NASDAQ:AMAT) is one of the most followed stocks on Wall Street. JPMorgan analyst Harlan Sur recently raised the price target on the shares to $250 from $240 and kept an Overweight rating, noting that the company reported solid July quarter results driven by accelerating demand in advanced foundry/logic, DRAM, high bandwidth memory and ICAPs combined with sustained strength in services. The analyst further added that the company was well positioned to benefit from multiple upcoming technology inflections that should drive continued outperformance versus wafer fab equipment over the next several years.

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