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Applied Materials (NASDAQ:AMAT) stock has had its ups and downs in 2024 as the company has ridden the AI wave higher and then also been knocked down by the reality of operating results not matching that
Applied Materials: Buy And Hold This Stock For A Long Time
Summary
- Applied Materials stock has fallen to about break-even return over the last 12 months.
- Weak consumer demand is causing some short-term pain as OEMs scale back purchase from fabs.
- Despite short-term fluctuations, AMAT's solid market position and financials make it a compelling long-term investment in the semiconductor manufacturing sector.
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMAT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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