Bank of America Raises Price Target for Applied Materials Amid Optimism in Semiconductor Industry
Bank of America has increased its price target for Applied Materials (AMAT) following a more optimistic outlook on the semiconductor industry's AI-driven future. The firm raised its 2027 wafer fab equipment forecast by 4% to $190 billion and expects continued growth through 2030, with an estimated total addressable market of $2.7 trillion.
Topics: AI Semiconductors Stock Analysis Wafer Fab Equipment