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Barchart
Faisal Humayun Khan

Applied Materials Stock Remains Attractive as Growth Accelerates

Applied Materials AMAT Semiconductor Susquehanna Applied Global Services

Applied Materials (AMAT) stock has delivered stellar returns of 211% in the last 52 weeks. This rally has been supported by structural tailwinds for the semiconductor industry that will likely benefit the company’s semiconductor segment growth.

To put things into perspective, Deloitte believes that the global semiconductor industry will reach $975 billion in sales this year. Further, semiconductor annual sales are expected to swell to $2 trillion by 2036.

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