Applied Materials, Inc. AMAT

Applied Materials (AMAT) sold a record $7 billion of chipmaking tools in fiscal Q3 2026. That was about 77% of its $9.1 billion in revenue for the quarter. When you own the stock, you mostly own those tool sales. A record that large is easy to read as the new normal. So what might Applied Materials investors be overlooking about those tool sales.

Wells Fargo says more details are still coming. Until then, it sees an opening for a corner of the chip market that rarely gets the spotlight.

Government borrowing costs are at their highest since just before the global financial crisis 19 years ago, and long bond yields now sit at multi decade highs. Expensive growth stories can struggle when the risk free rate offers more income on its own. That is why investors are hunting for chip related businesses with solid records and clear demand from AI. This article highlights three such stocks from our AI hardware supply chain screen. The three stocks covered below are just a sample, and...

Morgan Stanley lowered its valuation multiple for the chip equipment maker even as it raised its 2027 revenue and earnings forecasts.

KLA's market value is 53.2 times its profit over the past twelve months, well above its three-year average of 36 times. A multiple that high means buyers are paying today for profit the company has not earned yet. So is KLA (KLAC) stock really expensive for the growth its business delivers.

Applied Materials (NasdaqGS:AMAT) has entered a major R&D partnership with KIOXIA focused on next generation memory for AI workloads. The collaboration will be based at Applied Materials' new US$5b EPIC Center, targeting memory cell structures, multi chip stacking and advanced packaging. Both companies plan to work on improving manufacturability and density of future memory technologies tailored for AI focused chip architectures. This new EPIC Center alliance with KIOXIA is only one piece of...

AI-driven memory demand puts semiconductor equipment spending back in focus.

Companies will collaborate to develop advanced memory structures, chip stacking technologies and materials engineering innovations to increase AI memory performanceKIOXIA joins Applied Materials’ growing EPIC Center ecosystem, which includes chipmakers, chip designers, equipment partners and universities SANTA CLARA, Calif., Sept. 29, 2026 (GLOBE NEWSWIRE) -- Applied Materials, Inc., the leader in materials engineering solutions for the semiconductor industry, today announced that KIOXIA Corpora

Applied Materials is well positioned to deliver solid growth. Improving margins and long-term customer commitments strengthen its growth outlook.

Here’s what could happen to AMAT shares next.

You may own Applied Materials (AMAT) as a chip equipment maker that aims to hand most of its spare cash back to shareholders. A $10,000 holding a year ago is now worth about $24,500. Your stake in this business is far bigger than it was. Is Applied Materials still the business you bought.