18 Stocks on Jim Cramer’s Radar: Strategy, GE Aerospace, and Best Buy

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

Applied Materials, Inc. (NASDAQ:AMAT) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. Cramer was bullish on the stock during the episode, as he stated:

We have had an unstoppable bull market in the semiconductor capital equipment makers because the great data center build-out has caused shortages everywhere, all kinds of essential chips. Naturally, that’s fabulous for companies that make the hardware you need to manufacture chips itself, companies like Applied Materials, long my favorite, a stock that’s up 75% year to date.

Two weeks ago, they reported a terrific quarter, robust top and bottom line beat, with the company’s highest gross margin in 25 years. The guidance for the current quarter was even better. Management raised their full year forecast, saying the semiconductor equipment business should go up by more than 30%. That’s up from 20% from the previous forecast. And look, as long as all sorts of chips are in short supply, I’m betting Applied Materials will just keep winning.

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, software, and services that help manufacturers produce semiconductors and other electronic devices.