Jim Cramer on Applied Materials: “It Got Away From Us”

Applied Materials, Inc. (NASDAQ:AMAT) is one of the stocks on Jim Cramer’s radar. Inquiring about the stock, a caller noted that they are up over 4,000% in AMAT, and Cramer replied:

Alright, now I will tell you that both Jeff Marks and I were talking about adding Applied Materials to the bullpen. It got away from us. I actually think, and I know this is a little radical because I like Gary Dickerson so much, I would take a little bit off. It’s a parabolic chart, and then come back to it if you want to, but not more than that because I gotta tell you, that’s a great, great position… Congratulations.

A stock market data. Photo by AlphaTradeZone on Pexels

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, software, and services that help manufacturers produce semiconductors and other electronic devices. During the episode aired on December 17, 2025, Cramer was bullish on the stock due to share buyback activity, as he stated:

That’s why I went through that list of 51 companies to pick out 10 that are worth recommending to you. Now, first up is one of my old favorites is Applied Materials. It’s a semiconductor capital equipment maker, which has reduced its share count by 31% since the end of 2015. Now, this stock had a strong year. It’s up over 50% for 2025 because we have insatiable demand for all sorts of semiconductors, especially, you know, believe it or not, the commodity ones, which means there’s equally big demand for the machines that make semiconductors. But Applied Materials, AMAT, is also a great long-term performer. It is up 1,200% since the end of 2015, versus 229% for the S&P 500. Now, some of that’s the strength of the core business, and some of it’s the voracious buyback. By the way, it is a terrific example of the kind of stock I suggest you buy in my new book, How to Make Money in Any Market. This is the essence of what I’m trying to get across to you.

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