We recently compiled a list of the 10 Most Widely Held Stocks by Individuals in 2026. Applied Materials, Inc. (NASDAQ:AMAT) is one of the most widely held stocks by individuals on this list.
TheFly reported on May 19 that Argus increased its price target on AMAT to $500 from $420 while reaffirming a Buy rating following the company’s stronger-than-expected second quarter results. The firm highlighted AMAT’s favorable long-term outlook, supported by rising AI-related chip demand and increased domestic semiconductor manufacturing initiatives.
In a separate major development, on May 20, Applied Materials, Inc. (NASDAQ:AMAT) revealed that Broadcom will participate in its EPIC platform as a strategic innovation collaborator focused on advancing next-generation semiconductor packaging solutions for AI systems. The partnership aims to support the growing need for faster and more energy-efficient computing infrastructure as artificial intelligence workloads continue expanding worldwide. Through the collaboration, Broadcom will gain access to AMAT’s research and development ecosystem, including its global innovation facilities and the upcoming EPIC Center in Silicon Valley.
The companies plan to jointly accelerate the commercialization of advanced chip packaging and heterogeneous integration technologies designed to improve interconnect density, bandwidth, and overall system performance. AMAT also emphasized that the EPIC platform is intended to strengthen cross-industry cooperation between equipment providers, semiconductor companies, and system designers to shorten development timelines and help bring emerging AI-related semiconductor technologies into high-volume manufacturing more efficiently.
Applied Materials, Inc. (NASDAQ:AMAT) is a global leader in materials engineering solutions and supplies the equipment, software, and services used to manufacture advanced semiconductor chips and displays worldwide.
While we acknowledge the potential of AMAT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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