Applied Materials Stock Outlook: Is Wall Street Bullish or Bearish?

Applied Materials, Inc. (AMAT), headquartered in Santa Clara, California, supplies manufacturing equipment, services, and software to the semiconductor, display, and related industries. Valued at a market cap of $155.4 billion, AMAT is the world’s largest supplier of semiconductor fabrication equipment, serving manufacturers of semiconductor wafers, integrated circuits, LCD panels, solar photovoltaic cells, and other electronic devices.

Shares of this top semiconductor and display equipment manufacturer have underperformed the broader market over the past year. AMAT has gained 23.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 35.5%. In 2024, AMAT stock is up 13.8%, surpassing the SPX’s 25.5% rise on a YTD basis.