Buy This Growth Stock Before It Becomes More Expensive
The growing demand for computer chips across various industries is turning out to be a massive tailwind for semiconductor equipment manufacturer Applied Materials (NASDAQ: AMAT), helping the company post terrific results quarter after quarter.
The advent of 5G wireless networks, the Internet of Things (IoT), and artificial intelligence (AI) are big catalysts that Applied Materials is heavily involved in. So it was not surprising to see the company deliver impressive results for the fourth quarter of fiscal 2020. That latest report could set the tone for more stock upside even after an already nice showing so far this year.
Let's take a closer look at what's working for Applied Materials, and why it remains a buy despite an impressive rally over the past few months.
Source Fool.com
