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Barchart
Wajeeh Khan

Applied Materials Stock Just Hit a New All-Time High. Should You Buy AMAT Here?

Applied Materials AMAT Keybanc TSMC KLAC

Applied Materials (AMAT) shares pushed higher to a record price of about $331 this week after peer Taiwan Semiconductor’s (TSM) record earnings sparked a sector-wide rally. 

TSMC now sees its capital expenditures hitting a whopping $54 billion this year at the midpoint, which is notably positive for AMAT given it’s a critical supplier of semiconductor manufacturing equipment. 

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