Applied Materials (AMAT) Is One Of the Best High-Bandwidth Memory Stocks To Buy

Applied Materials, Inc. (NASDAQ:AMAT) is one of the 10 Best High-Bandwidth Memory (HBM4) Value Chain Stocks to Buy According to Hedge Funds. On June 4, Evercore ISI analyst Mark Lipacis reiterated a Buy rating on Applied Materials Inc. (NASDAQ:AMAT) and also assigned a target price of $515 to the stock. In addition to Evercore, two different analysts reaffirmed their Buy ratings on the stock in the first week of June. This includes TD Cowen and Bernstein, with Bernstein having the highest price target on the stock of $525.

Applied Materials, Inc. (NASDAQ:AMAT) is one of the 10 Best High-Bandwidth Memory (HBM4) Value Chain Stocks to Buy According to Hedge Funds.

Earlier, on May 15, Deutsche Bank increased its price target on Applied Materials, Inc. (NASDAQ:AMAT) from $450 to $550 and maintained a Buy rating. The firm’s revised rice target implies an additional 10% upside from the current levels. The price target revision came after the company delivered strong results and provided a bullish outlook. Deutsche Bank now expects Applied Materials’ semiconductor business to grow by more than 30% year-over-year in 2026. The outlook points to growth ahead of prior expectations.

The positive analyst sentiment followed the company’s Q2 2026 earnings report on May 14. Applied Materials Inc. (NASDAQ:AMAT) reported revenue of $7.91 billion, which was up by 11% year over year. The earnings per share came in at $2.86, which comfortably beat the Wall Street consensus of $2.68.

Applied Materials, Inc. (NASDAQ:AMAT) is a materials engineering solutions company that provides equipment, software, and services to the semiconductor, display, and related industries. The company operates through its Semiconductor Systems and Applied Global Services (AGS) segments.

While we acknowledge the risk and potential of AMAT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMAT and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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