5 AI Stocks Making Moves on Wall Street: Nvidia, Micron, and More

In this article, we are going to look at the 5 AI Stocks Making Moves on Wall Street: Nvidia, Micron, and More.  For a longer list, you can go to 14 AI Stocks Making Moves on Wall Street: Nvidia, Micron, and More.

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

Number of Hedge Fund Holders: 138

On June 29, Cantor Fitzgerald analyst C.J. Muse raised the price target on Applied Materials (NASDAQ: AMAT) to $850.00 (from $650), maintaining an Overweight rating. Despite the PT raise and rating affirmation, the firm sees more limited upside to EPS compared to peers.

The firm continues to like AMAT, alongside LRCX and KLAC. ASML, on the other hand, has the strongest EPS upside among semiconductor stocks.

In Semi Equipment, we see the most EPS upside from ASML. Considering being a significant underperformer, we see a meaningful catch-up trade here. We do continue to like LRCX, AMAT, and KLAC, but we see more limited upside to EPS here (we could see modest relative underperformance here through earnings like we did last earnings season).

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.