Applied Materials, Inc. (AMAT) “Is About To Have A Renaissance,” Says Jim Cramer

We recently published 11 Stocks Jim Cramer Just Discussed As He Shared Why Stocks Are Rising. Applied Materials, Inc. (NASDAQ:AMAT) is one of the stocks Jim Cramer recently discussed.

Applied Materials, Inc. (NASDAQ:AMAT) is one of the few semiconductor manufacturing equipment providers in the world. While most media focus is on the Dutch firm ASML when it comes to these machines, Applied Materials, Inc. (NASDAQ:AMAT) also plays a key role in the industry as it provides machines that are used in the different phases of manufacturing a chip. The firm has been a part of Cramer’s recent coverage in the context of the role that the US plays in the global semiconductor industry, which allows the government to squeeze industries of countries deemed to be acting against American national security interests. His recent remarks about Applied Materials, Inc. (NASDAQ:AMAT) continued on the theme:

“AMAT is about to have a renaissance. Because our companies are really. . .this is where the big intellectual property for our companies. And we don’t talk about it enough, is making chips. Those are the companies that preside over the greatness of the cycle. I wonder if Jensen might even agree with me on that.”

A technician in a clean room assembling a semiconductor chip using a microscope.

In his previous comments about Applied Materials, Inc. (NASDAQ:AMAT), Cramer commented that he preferred Lam Research instead:

“Applied Materials, recommended this very morning, got a nice upgrade, but I prefer Lam Research. That’s capital equipment for semiconductors.”

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Disclosure: None. This article is originally published at Insider Monkey.