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Applied Materials’ stock was named as one analyst’s “best idea” for next year, thanks to the company’s exposure to two industries undergoing strong growth and the potential that analysts will boost their forecasts for the company.
About half of the semiconductor capital-equipment company’s
AMAT chip customers are exposed to dynamic random-access memory, or DRAM, and leading-edge foundry industries, TD Cowen analyst Krish Sankar said. The artificial-intelligence boom is driving demand for memory components such as DRAM, and has sparked a build-out of leading-edge foundries, which manufacture advanced chips.
