Are Wall Street Analysts Predicting Applied Materials Stock Will Climb or Sink?

Santa Clara, California-based Applied Materials, Inc. (AMAT) provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. Valued at $434 billion by market cap, the company’s customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules, and other electronic devices manufacturers.

Shares of this world’s largest semiconductor fabrication equipment supplier have significantly outperformed the broader market over the past year. AMAT has gained 198.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 22.6%. In 2026, AMAT stock is up 107.9%, surpassing the SPX’s 12.8% rise on a YTD basis.