Category: Markets
Published: 2026-06-28T18:47:01.000Z
BofA has raised its price objective for Applied Materials, Inc. (AMAT) to $720 from $540, maintaining a “Buy” rating, driven by an increased semiconductor market forecast to $2.7 trillion by 2030 due to growth in memory and data center markets. This follows a long-term contract between EssilorLuxottica and Applied Materials to develop augmented reality display technology and AI glasses. While AMAT is recognized as a strong investment, Insider Monkey suggests other AI stocks may offer higher returns in a shorter time frame.
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