You Need These Companies, Says Jim Cramer About Applied Materials (AMAT)

We recently published 12 Latest Stocks on Jim Cramer’s Radar . Applied Materials Inc (NASDAQ:AMAT) is one of the stocks Jim Cramer recently discussed.

Applied Materials Inc (NASDAQ:AMAT) is a key company in the semiconductor supply chain, as its machines enable chip manufacturers throughout the production process. Cramer discussed the firm’s role in the evolving high-bandwidth memory industry. HBM chips are just as important as AI GPUs since they enable computers to store and transfer data at high speeds to the main chip. Cramer believes that even though Applied Materials Inc (NASDAQ:AMAT)’s shares have gained 43% year-to-date, high HBM demand could prove beneficial for the shares:

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“Of those, I think the one that is very exciting to me, uh, is AMAT. When you look at say, uh, let’s say you do . . .AMAT. These were companies, no one thought there would be such a huge rush to have most high bandwidth memory. . . And that’s these companies. You need them. So I think that AMAT’s going to be absolutely, I think it could be terrific, even from these levels.”

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Disclosure: None. This article is originally published at Insider Monkey.