Applied Materials, the biggest U.S. chip-equipment maker, is a key player in the AI and broader semiconductor space.

Applied Materials is expected to double its advanced packaging business in the coming years. Read why I reiterate a Buy rating on AMAT stock.

Applied Materials (AMAT) just delivered strong fourth-quarter (Q4) results that beat Wall Street's expectations. However, the stock has come under pressure due to the company’s cautious guidance for the first quarter of fiscal 2025.