Applied Materials' stock has nearly tripled in value over the past year due to its critical role in manufacturing complex AI chips. The company provides essential equipment for logic chips, high-bandwidth memory (HBM), and advanced packaging, all key components in AI hardware. As AI chips become more intricate and costly to produce, demand for Applied's tools grows, supporting its elevated valuation despite moderate revenue growth forecasts. With customers now providing up to two years of forward demand visibility, Applied is seen as a vital AI infrastructure supplier rather than a cyclical equipment vendor.
REX Shares has filed for the REX AI Chipmaking ETF, targeting the booming $1.3 trillion AI infrastructure sector. The fund tracks the VettaFi AI Chipmaking Index, focusing on companies involved in wafer fabrication equipment, advanced packaging, and ...
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
