Jim Cramer’s Comments on 25 Stocks Like Micron, Dell, and Playing the Recent Market Rotation

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

Applied Materials, Inc. (NASDAQ:AMAT) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday’s market rotation. Cramer mentioned the stock during the episode and commented:

Now, we recently had Gary Dickerson, the CEO of Applied Materials, AMAT, on the show, and his semiconductor capital equipment business is in a long-term bull market because of the widespread chip shortage we talk about all the time. It’ll take years and years to build enough of this machinery to alleviate the shortage.

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, software, and services that help manufacturers produce semiconductors and other electronic devices. During the June 10 episode, Cramer highlighted his discussion with the company’s CEO, as he said:

I want to study what people still want in this miserable environment, so when things get better, we know what they’re going to go for. So what managed to hit the new high list at one point today or another in spite of the very tough backdrop? Yes, I’m being constructive even with Oracle down 6.6% after the close of the market.

First is one that’s typical of this market, at least until this week. It’s Applied Materials. We had them on recently. We know there’s a huge semiconductor shortage, especially for chips that handle storage and memory. That means we need more semiconductor manufacturing equipment from Applied Materials. We had CEO Gary Dickerson on recently. He’s well aware of his company’s importance in the food chain. That tells me, you know what, things clear up, I’ll go for AMAT.