Is Applied Materials, Inc. (amat) a Top AI Semiconductor Stock after Analyst Raises Target to $500?

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 $

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.

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