10 Best AI Stocks to Buy in June

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

Potential Upside: 15.89%

Number of Hedge Fund Holders: 138

Applied Materials, Inc. (NASDAQ:AMAT) is one of the 10 Best AI Stocks to Buy in June. On June 3, Nikkei Asia reported that Applied Materials is targeting a 25% expansion of its Southeast Asia workforce this year, noting the region’s increasingly vital role in its manufacturing and research and development operations.

The company is seeking to hire around 1,000 additional workers in the region, mainly from Singapore, according to Applied Materials Corporate Vice President and President for Southeast Asia Brian Tan. He added that the company had nearly 4,000 employees in the region as of the end of 2025.

On May 27, TheFly reported that Mizuho analyst Vijay Rakesh increased the price target on Applied Materials to $540 from $500 while maintaining an Outperform rating on the stock as the analyst raised its wafer fab equipment spending estimate for 2026 to $153 billion from $142 billion and to $190 billion from $163 billion for 2027. Earlier on May 19, Argus analyst Jim Kelleher also increased its price target on Applied Materials to $500 from $420 while maintaining a Buy rating following the company’s second quarter earnings report, noting that the firm is well-positioned for long-term growth based on cyclical, demographic, and secular factors.

Applied Materials, Inc. (NASDAQ:AMAT) offers materials engineering solutions for new semiconductor and advanced display applications. It also provides technologies essential for advancing AI and accelerating the commercialization of next-generation chips.