2024-07-09 09:42:05 ET
Summary
- The semiconductor boom in the stock market continues, with a rising tide lifting nearly all boats.
- Applied Materials is a leading company in the semiconductor equipment industry, but current valuation suggests downside risk.
- AMAT is very high quality, and ticks all of the boxes for investment.
- Despite strong financials and market position, caution is advised due to the high valuation.
Semiconductors will power the future. This truth is ubiquitous. It's discussed in politics, the news trumpets Nvidia's (NYSE: NVDA ) stock performance, and nearly every megatrend, from car electrification to crypto to AI will require additional and more complex chips....
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Applied Materials: The Risk Of Chasing