Applied Materials: Strong Growth Cycle Up Ahead


  • Buy rating recommended for Applied Materials as the worst of the semiconductor downcycle is over and growth is expected to accelerate.
  • Strong growth catalysts like high-bandwidth memory and gate-all-around technology will support AMAT’s growth.
  • AMAT’s recurring revenue stream from service agreements enhances its resilience, although there is a risk of dependence on Chinese customers.

Electronics worker holding silicon wafer by cutting machine in clean room

Monty Rakusen

Investment action

Based on my current outlook and analysis of Applied Materials (NASDAQ:AMAT), I recommend a buy rating. I believe the worst of this semi-down cycle is over, and AMAT’s growth should see acceleration ahead in the next

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