Aug. 11 at 12:07 PM
$AMAT Applied Materials assumed with a Market Perform at William Blair
William Blair assumed coverage of Applied Materials with a Market Perform rating. The company is a beneficiary of ramping AI capex as global semiconductor capacity expands, the analyst tells investors in a research note. However, the shares are up 103% since the beginning of the year and trade at 29 times Blair's 2027 estimates, the firm points out. It feels the stock increasingly reflects Applied Materials' strong growth prospects over the next year.
