12 Best AI and Technology Stocks to Buy Now

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

Number of Hedge Fund Holders: 138

Applied Materials, Inc. (NASDAQ:AMAT) is one of the Best AI and Technology Stocks to Buy Now. On June 26, B. Riley lifted its price objective on the company’s stock to $790 from $550 and maintained a “Buy” rating on the shares. As per the analyst, the company’s DRAM and Advanced Packaging Master Class demonstrate a larger-than-expected long-term opportunity.

The firm highlighted that, along with robust positioning in leading-edge foundry/logic and increasing process intensity throughout DRAM and packaging, Applied Materials, Inc. (NASDAQ:AMAT) seems to be well-placed for a continued multi-year semiconductor equipment investment cycle. Furthermore, there remains a potential for continued share gains.

In a separate release, Jefferies lifted its price objective on Applied Materials, Inc. (NASDAQ:AMAT)’s stock to $770 from $510 and maintained a “Buy” rating. The analyst opines that DRAM and advanced packaging are anticipated to outgrow the broader wafer fab equipment, led by AI. The firm views the company as an outperformer, which has healthy exposure to the leading-edge foundry and DRAM.

Applied Materials, Inc. (NASDAQ:AMAT) is a materials engineering solutions company, which provides equipment, software, and services to the semiconductor, display, and related industries.