Applied Materials: Buying This Tech Stock Is a No-Brainer
Applied Materials (NASDAQ: AMAT) surprised Wall Street with a solid set of numbers for the first quarter of fiscal 2022 despite supply chain constraints that were expected to hurt its sales and earnings.
The semiconductor equipment supplier reported impressive top- and bottom-line growth despite warning late last year that it doesn't expect to fully satisfy the massive demand for its products. So, when Applied Materials released better-than-expected quarterly earnings on Feb. 16, it was surprising to see the stock drop 3%. This, however, could be an opportunity to buy this stock.
Let's take a closer look at Applied Materials' results, guidance, and long-term outlook, which will tell us why it is a top tech stock to buy right now.
Source Fool.com
