Coatue’s 35 Most Important AI Stocks

16. 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. As per the report for the fiscal year 2024, Applied Materials generated record revenue of $27.18 billion. On a GAAP basis, the company recorded a gross margin of 47.5%, a record operating income of $7.87 billion or 28.9% of net sales, and a record EPS of $8.61. On a non-GAAP adjusted basis, the company reported a gross margin of 47.6%, a record operating income of $7.92 billion or 29.2% of net sales, and a record EPS of $8.65. This reflects the company’s outstanding financial results, which have reached new milestones in revenue and profitability, underscoring its strong market position and effective operations.