35 Trending AI Stocks on Latest Analyst Ratings and News

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18. 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 company is a major player in the semiconductor industry and has consistently outperformed its peers financially. Over the past decade, its revenue has surged by nearly 350%, highlighting its strong growth trajectory. Looking ahead, consensus revenue estimates project continued growth, with revenue expected to climb from approximately $27 billion in fiscal 2024 to over $37 billion by fiscal 2028. This upward trend is largely driven by the rapid expansion of AI technologies, which present significant opportunities for the company. JPMorgan analyst Harlan Sur claims the firm is well-positioned to benefit from multiple upcoming technology inflections, enabling it to outperform the wafer fab equipment sector over the next few years.

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