Applied Materials has just launched a new chip manufacturing system. Should I buy AMAT shares here?
Shares of Applied Materials (AMAT) are extending gains Wednesday morning after the company announced a breakthrough in transistor manufacturing. On April 8, the semiconductor equipment maker launched two new deposition systems, Precision Selective Nitride PECVD and Trillium ALD, designed specifically for 2-nanometer, “angstrom-era” logic chips. Following today’s rally, Applied Materials shares are up almost 45%…