5 Unstoppable AI Stocks to Buy Now

2. Applied Materials Inc. (NASDAQ:AMAT)

1-Year Performance: 156.68%

Applied Materials Inc. (NASDAQ:AMAT) is one of the unstoppable AI stocks to buy now. On May 3, Applied Materials entered into a definitive agreement to acquire the NEXX business from ASMPT Limited to expand its portfolio of panel-level advanced packaging technologies. NEXX is a leading supplier of large-area deposition equipment, which is critical for building the high-performance AI accelerators required for modern workloads.

By integrating NEXX’s electrochemical deposition/ECD technology, Applied Materials aims to accelerate the industry’s transition from 300mm silicon wafers to larger panel form factors. The acquisition addresses the growing demand for larger chiplet-based designs that integrate multiple GPUs and high-bandwidth memory stacks. As AI architectures become more complex, shifting to larger substrates allows for substantially higher output and more energy-efficient performance.

This deal complements the company’s existing capabilities in digital lithography, PVD, CVD, and metrology, enabling the company to offer more comprehensive, co-optimized solutions for AI chipmakers. The transaction is expected to close within the next few months, pending customary conditions, and does not require regulatory approvals. Upon completion, the NEXX team will be integrated into Applied Materials Inc.’s (NASDAQ:AMAT) Semiconductor Products Group while remaining based in Billerica, Massachusetts.

Applied Materials Inc. (NASDAQ:AMAT) provides the foundational semiconductor equipment and materials engineering required to manufacture the advanced chips that power AI infrastructure. Its technologies are critical for producing high-performance GPUs, HBM, and next-gen logic chips.