10 AI Stocks in Focus This Week

7. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Holders: 89

Applied Materials, Inc. (NASDAQ:AMAT) is one of the 10 AI Stocks in Focus This Week. On December 2, KeyBanc Capital Markets raised its price target on the stock to $285 from $240 while maintaining an “Overweight” rating. Analysts view AMAT as well-positioned ahead of key technology shifts, supported by long-term tailwinds from AI-driven demand and advanced node transitions.

“Increasing PT on Favorable Relative Positioning Ahead of Several Tech Transitions; Following internal review & analysis, we’re adjusting AMAT estimates, introducing 2028, and raising our PT to $285 from $240.”

AMAT is attractively valued than its peers, with competitors having higher embedded expectations in their current valuations. As such, the firm believes that the company will benefit from multi-year demand tailwinds “driven by power/performance hungry AI uses & devices.”

These AI demands are pushing the industry towards new technologies such as N2/GAA, HBM, Advanced packaging; all of which will benefit AMAT and similar equipment makers.

Applied Materials, Inc. (NASDAQ:AMAT) is a leader in materials engineering solutions engaged in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries.