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Santa Clara, California-based Applied Materials, Inc. (AMAT) provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. Valued at $150.60 billion by market cap, AMAT is the world’s largest semiconductor fabrication equipment supplier, and its customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules, and other electronic devices manufacturers.
Shares of this leading semiconductor and display equipment manufacturer have outperformed the broader market considerably over the past year. AMAT has gained 26.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17.3%. In 2024, AMAT stock is up 13.8%, surpassing the SPX’s 10.1% rise on a YTD basis.