11 Debt Free Halal Stocks to Buy

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

Applied Materials (NASDAQ:AMAT) is one of the debt free halal stocks to buy. On March 2 at the Morgan Stanley Technology, Media & Telecom Conference 2026, Applied Materials (NASDAQ:AMAT) reiterated it is positioned for growth driven by AI demand. It is also focused on increasing margins through cost management and value-added solutions.

The company has already started scaling operations as it strives to meet increasing demand for semiconductor equipment in the AI-driven sector. According to Dr. Prabhu Raja, President of the Semiconductor Products Group, the company boasts of enhanced planning and manufacturing capabilities that position it for growth.

Applied Materials is leveraging its enhanced manufacturing capabilities to capitalize on strong demand for semiconductor equipment. It has started tracking over 100 fabs in various development Stages. The company is a market leader in foundry-logic DRAM and advanced packaging. It also controls a significant market share in non-litho patterning at about 50%.

It has also started ramping up investments in EPIC aimed at accelerating innovation while commercializing partnerships with universities and manufacturers. Consequently, more than 20% shipment growth is expected this year, the highest since 2021.

Applied Materials (NASDAQ:AMAT) is a global leader in materials engineering solutions, providing the essential equipment, services, and software used to manufacture semiconductor chips, advanced displays, and related technologies. It enables the production of smaller, faster, and more efficient electronics by applying atomic-level precision to deposit, shape, and analyze materials on semiconductor wafers.