Is Applied Materials Stock a Buy as AI Chip Manufacturing Surges?

Over the past few years, the explosive growth of artificial intelligence (AI) has generated strong tailwinds for AI-focused chipmakers like Nvidia. Therefore, the most straightforward way to profit from that trend might be to simply invest in those top chipmakers.Yet semiconductor equipment makers like Applied Materials (NASDAQ: AMAT) are also benefiting from the AI boom. It isn't a hypergrowth play like Nvidia, but Applied Materials' stock has risen nearly 270% over the past five years as the S&P 500 has nearly doubled. Let's see why it outperformed the market -- and if it's still worth buying.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool