Applied Materials Trade Call Driven by AI Tax Incentives

3 days ago

Pete Carmino

"It's definitely going to be Applied Materials. And this is a stock that, you know, has had if you look back on the 5-year, it's kind of been stagnant, so to speak. It came to life during sort of the passing of the bill, but rolled over slightly and now has started a new trend higher, hitting an all-time high or 52-week high, I should say, this year. And I just can't see how this particular area just doesn't continue to grow if all of these deals that OpenAI and the rest of these companies are putting together materialize. I think AAT has got at least a 50% run from here."

The speaker highlights Applied Materials as a compelling buy candidate in the AI space, driven by unique tax incentives and robust demand for chip manufacturing equipment. He outlines that despite a previously stagnant 5-year performance, recent catalyst events and massive infrastructure investments suggest the stock, referenced by its ticker AAT, could see a substantial 50% upside.

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