20 AI News You Probably Missed

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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. All the hype around the AI potential of the firm has resulted in a loss of focus on the fundamentals. For example, few AI investors realize that in addition to being a top AI play, Applied Materials, Inc. (NASDAQ:AMAT) has an impressive dividend history, with 18 uninterrupted years of payouts and consistent growth for six years. The company recently declared a quarterly dividend of $0.40, in line with previous. The forward yield was 0.87%.

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