Advanced Energy (AEIS) posted record semiconductor revenue and 50%+ data center growth in 2026. At 22.5x forward EPS, our analysis sees ~25% upside to $429.
Applied Materials (AMAT) reanalysis after a record $9.12B Q3 FY2026: forward EPS rose to $18.33 while the stock fell to $507, compressing the forward P/E to 27.7x and reopening a $620 base case with +22% upside.
Applied Materials (AMAT) DRAM and advanced packaging systems launch reanalysis: $620 base case hit at $694, six new AI memory systems, and the $790 bull case.
Applied Materials AMAT reanalysis: $480 base case hit at $552. Cantor’s $650 + Singapore campus reset bull to $677. Hold for current holders.
Applied Materials commands 30% of the B semiconductor equipment market. With record Q2 revenue of .91B, 50%+ advanced packaging growth, and AI-driven capex acceleration, AMAT offers compelling exposure to the chip supercycle.
Lam Research (LRCX) dominates AI semiconductor etch equipment with 80%+ market share in sub-5nm nodes. Q1 2026 revenue beat at .84B (+24% YoY) signals multi-year growth runway.
