2024-04-23 07:10:23 ET
Summary
- Applied Materials stock has shown strong performance, with a growth of 87.39% in the past year and 369.06% in the past five years.
- The demand for AMAT's Centura Sculpta patterning machine is expected to be higher than expected, as it reduces chip production costs and energy consumption.
- AMAT's service revenue and the OLED market are potential sources of growth that are not fully reflected in the current stock price.
Thesis
Applied Materials, Inc. ( AMAT ), a semiconductor company that manufactures equipment that produces chips, OLED displays, and other electronics, has had strong and consistent price movement over the past year, up almost 90%. This is mainly attributable to its consistent financial growth and high liquidity levels as well as its diverse semiconductor equipment portfolio that serves the rapidly growing ICAPS industry (IoT, Communications, Automotive, Power, and Sensors). However, I still think the stock has more room to grow, fueled by the potential growth coming from patterning machine Centura Sculpta, AMAT service revenue, and the OLED market....
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For further details see:
Applied Materials: Capitalizing On Centura Sculpta And OLED Expansion