35 Most Important AI Stocks for 2025 According to JPMorgan

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17. 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. There is growth in the HBM, DRAM, and advanced packaging markets as AI data center build gathers pace. Applied Materials is a leading supplier of these products to tech giants like Intel, Apple, and Samsung. The financials of the chipmaker remain as strong as ever. In the fiscal third quarter of 2024, the company reported record-high revenue of $6.78 billion, a 5% increase from the previous year, driven by the surge in AI-related semiconductor manufacturing. CEO Gary Dickerson noted that the race for AI leadership was fueling demand for our unique and connected portfolio of products and services.

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