May. 20 at 3:53 PM
$AMAT
Recent heavy call flow in the 630 and 660 strikes suggests the market is pricing in significant upside over the next year.
AI-driven semiconductor capex continues to expand, with new fab buildouts directly translating into more equipment demand, while HBM supply remains tight.
The key advantage is exposure across the entire chip manufacturing ecosystem rather than a single product cycle.
Is
$AMAT being repriced for a sustained multi-year cycle, or is this just aggressive front-running of expectations?