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Prominent investment bank Cantor Fitzgerald is very bullish on Applied Materials (AMAT) heading into its fiscal second-quarter results, which the company is slated to report today. Further, many other analysts are also upbeat on the name, Applied Materials' financial results nearly always beat analysts' average estimates in recent years, and semiconductor stocks, including AMAT, have a great deal of momentum at this time. Finally and importantly, the valuation of AMAT stock is reasonably low and attractive compared to many other names in the space.In light of all of these points, AMAT appears to be worth buying ahead of its results, particularly for growth investors who are looking to increase their exposure to the semiconductor space amid the AI boom.
