
Applied Materials, Inc. (AMAT), with a market cap of $179.3 billion, operates in the semiconductor and display manufacturing equipment industry. Based in Santa Clara, the company provides manufacturing equipment, services, and software to optimize the performance and cost-efficiency of semiconductor chips and display technologies.
Shares of the semiconductor equipment maker have significantly outperformed the broader market over the past 52 weeks. AMAT has gained 59.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 24.5%. In 2024 alone, shares of AMAT are up 33.6%, compared to SPX's 9.8% gains on a YTD basis.