5 Best Nanotechnology Stocks to Buy Now

4. Applied Materials Inc. (NASDAQ:AMAT)

Hedge Fund Holdings: 67

Headquartered in Santa Clara, California, Applied Materials Inc. (NASDAQ:AMAT) is an American corporation that supplies equipment, services and software for the manufacture of semiconductor chips. The company is a global leader in nanomanufacturing technology solutions with an extensive portfolio of innovative equipment.

On December 7, Loop Capital analyst Scott Graham initiated coverage of Applied Materials Inc. (NASDAQ:AMAT) with a Buy rating and a $125 price target. The analyst projects that the company’s semiconductor sales are likely to outperform the overall WFE capex, both during the current macroeconomic crisis and when the capex resolves again in Q3 of 2024.

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