35 Chip Stocks In Focus Amid Tech Selloff

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

Number of Hedge Fund Holders: 74

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, services, and software for the semiconductor industry. In the earnings of the fourth quarter, the company reported revenue of $7.05 billion, showing an increase of 5% year-over-year. In November last year, the company introduced the MAX OLED solution, a patented OLED pixel architecture and revolutionary display manufacturing technology designed to bring the superior OLED displays found in high-end smartphones to tablets, PCs and eventually TVs. The integrated system combines the OLED deposition and encapsulation technologies needed to mass-produce superior OLED displays.

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