Yahoo Finance
Applied Materials (AMAT) is one of the biggest suppliers of semiconductor manufacturing equipment, and relentless spending has caused the stock to climb 153.29% in just the past year.
When major companies build a new fab, this company's tools are often the ones etching and inspecting the wafers.
As hyperscalers keep spending on AI, the higher-margin Applied Materials' sales are expected to be.
Applied Materials is expected to confirm that trend on May 14 when it provides Q2 results after the closing bell.
Knowing what to expect on earnings day will give investors an edge, because if Applied Materials keeps growing, another triple-digit move to the upside in the next year is a possibility.
Its current valuation is at $342.2 billion, which isn't all that special during the AI rally.
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Sign up now! Let's take a look at what the market expects and whether or not Applied Materials could reach a valuation of $500 billion and beyond.
Analysts want to see revenue in the $7.68 billion to $7.7 billion band, but higher than that is always welcome.
This would imply a growth rate of 5% - 8.5% year-over-year (YOY).
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