Applied Materials (Nasdaq: AMAT) builds the machines that make the chips that power our digital world. This semiconductor equipment manufacturer provides the essential tools and services needed by chipmakers to produce advanced integrated circuits for everything from smartphones to AI data centers.
The stock has been on quite a journey. After climbing from around $115 in mid-2023 to over $250 by mid-2024, the shares have tumbled roughly 45% to about $138 today. This steep decline has many investors wondering whether the stock has become a bargain, especially given the company’s critical role in the semiconductor supply chain.
When we put Applied Materials through The Value Meter’s analysis, we find a stock that’s…
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