30 Best AI Stocks to Buy According to Billionaires

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

Number of Hedge Fund Holders: 80

Number of Billionaire Investors: 18

Value of Billionaire Holdings: $2 Billion 

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, services, and software for the semiconductor industry. In recent months, the firm has invested heavily in AI and energy-efficient computing. During the earnings call in February, CEO Gary Dickerson highlighted record revenues for Q1 2025 and stressed that foundational semiconductor innovations are critical to achieving system-level energy and cost efficiencies, positioning Applied for continued growth. For Q2 2025, Applied Materials forecasts revenue of $7.1 billion, plus or minus $400 million, and non-GAAP EPS of $2.30, plus or minus $0.18. The company expects Semiconductor Systems revenue to reach approximately $5.3 billion. In mid-March, the firm raised the dividend by 15% and announced a $10 billion share repurchase program.

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