Jim Cramer on Applied Materials: “It’s Not a Good Buy, It’s a Great Buy”

Applied Materials, Inc. (NASDAQ:AMAT) was among Jim Cramer’s stock calls on Mad Money recently. A caller asked if the stock is a “good buy,” and here’s what Cramer had to say:

No, it’s not a good buy, it’s a great buy. Applied Materials, Lam Research, KLA, of those, I’m going to order them, Lam, AMAT, and KLA. They’re all good because they are, this the only way we can get the, alleviate the shortages that we’re seeing in semiconductors. Those guys are it. And they have the intellectual property. They are the strong ones. Glad you came to me with Applied Materials.

Photo by Nicholas Cappello on Unsplash

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, software, and services that help manufacturers produce semiconductors and other electronic devices. Cramer mentioned the stock during the March 11 episode and said:

If we see the $120 oil, those are the four stocks you gotta reach for, or you can go with the semiconductor capital equipment makers, a little less risky. Lam Research and KLA… You can do AMAT too, Applied Materials. The memory shortage will ultimately drive lots of businesses their way. Again, though, none of these will be real winners until the war ends and the decline runs its course.

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