Jim Cramer’s 21 Stock Calls: Micron, Affirm, and the Strength of the Data Center Complex

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

Applied Materials, Inc. (NASDAQ:AMAT) was among Jim Cramer’s stock calls on Mad Money as he discussed how semiconductor and AI infrastructure stocks are driving the market higher. Cramer mentioned the stock during the episode, as he commented:

Now, one reason we’ve seen such incredible runs in the… semiconductor stocks is that there simply aren’t enough machines out there to help boost production. Don’t understand the concept? It’s very easy. Go to the Applied Materials conference call on Thursday afternoon, along with their deck, for a refresher.

They’ll tell you that they simply can’t boost enough semiconductor capital equipment to make the semis. Competitors Lam Research and KLA are in the same position. This confluence of lackluster supply and insatiable demand makes me feel like you can still buy those stocks, too.

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, software, and services that help manufacturers produce semiconductors and other electronic devices. When a caller asked if the stock is a “good buy” on April 20, Cramer remarked:

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.