Jim Cramer Discussed These 22 Stocks Including A Hidden Oil & Energy Play

10. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Holdings in Q1 2026: 138

Applied Materials, Inc. (NASDAQ:AMAT) is a semiconductor manufacturing equipment provider. Its shares are up by 205% over the past year and by 124% year-to-date. Susquehanna discussed the firm on June 30th. It significantly raised the share price target to $900 from $575 and kept a Positive rating on the stock. The financial firm pointed out that Applied Materials, Inc. (NASDAQ:AMAT)  could benefit from a manufacturing equipment backlog that lasted for more than a year. Cramer also discussed the revamped chip manufacturing equipment industry and shared details about long term contracts:

“I had Gary Dickerson on recently. . .he said something to me that was really incredibly, he said Jim, for as long as I have known you, we never know what our price is going to be. It was kind of set by the market. But now, if you want to do business with us, you gotta lock in long term contracts, long term contracts can be good for you too. But you know you can’t have a business that’s cyclical that has long term contracts that’s cyclical growth. And he said, you’ve got to start realizing, this is just a different company.”

Impax US Sustainable Economy Fund discussed Applied Materials, Inc. (NASDAQ:AMAT) in its Q1 2026 investor letter:

“Applied Materials (Information Technology, Semiconductor Materials & Equipment) is owned for its better-than-average Corporate Resilience profile and attractive sustainability opportunities including Resource Efficiency, Enhancing Productivity and Digital Infrastructure. Applied Materials rallied strongly primarily on the back of a blowout February earnings beat, where management guided for over 20% semiconductor equipment revenue growth in calendar 2026 and positioned the company as a direct beneficiary of accelerating AI infrastructure investment in leading-edge logic, high-bandwidth memory, and advanced packaging. Despite a sharp pullback in March on China export control concerns and revenue headwinds, the stock closed the quarter meaningfully higher.”