Applied Materials, Inc.: Triple Threat Could Send AMAT Stock Soaring

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AMAT Stock Is Back
Applied Materials, Inc. (NASDAQ:AMAT) is the world leader in the production of semiconductor and display equipment. Applied Materials is the 800-pound gorilla in this industry. Given its size and stature, AMAT stock has not been able to match its 2000 tech bubble high and currently sits 46% below it.

There is a silver lining to this story, though. Strong product demand and growth in China has reinvigorated investor demand. AMAT stock is up 12.8% after the Brexit sell-off and up 36% year-to-date, outperforming its peers in the process.

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