Is Applied Materials Stock a Buy?

Applied Materials' (NASDAQ: AMAT) stock price has soared more than 70% over the past 12 months as the semiconductor equipment and services company impressed investors with its accelerating growth.

Robust demand for chips across multiple industries has boosted demand for its products, software, and services -- and that growth cycle won't end anytime soon. But how much of that growth is already baked into the stock?

Let's dig deeper into Applied Materials' business and see if it's still worth buying.

Source Fool.com