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Applied Materials (AMAT) Rolls Out 2 Chipmaking Systems

Applied Materials, Inc. (NASDAQ:AMAT) is one of the Best Multibagger Stocks to Buy for Long Term. On April 8, the company rolled out 2 chipmaking systems that can develop the smallest features in the world’s most advanced logic chips. With the control of materials deposition with atomic-level precision, the technologies can help chipmakers to develop faster as well as more power-efficient transistors at the scale. This is of utmost importance in the current era of global AI infrastructure buildout.

Applied Materials, Inc. (NASDAQ:AMAT) highlighted that the world’s renowned logic chipmakers have been rolling out new Gate-All-Around (GAA) transistors at 2nm and beyond.

The Applied Producer™ Precision™ Selective Nitride PECVD (Plasma Enhanced Chemical Vapor Deposition) system utilizes the industry-first selective bottom-up deposition process. It helps in placing silicon nitride only where it’s required in the trench. The Applied Endura™ Trillium™ ALD (Atomic Layer Deposition) system happens to be an Integrated Materials Solution™. It can precisely deposit metals in the complex GAA transistor gate stacks.

Applied Materials, Inc. (NASDAQ:AMAT) offers materials engineering solutions, equipment, services, and software to the semiconductor and other related industries.

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 this cheapest AI stock.

READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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