Goldman Sachs added semiconductor equipment supplier Applied Materials (AMAT) to its U.S. Conviction List during its monthly update. The inclusion signals strong confidence in the company's strategic growth prospects.
Analysts expect Applied Materials to increase its market share among leading DRAM manufacturers and top foundries. The endorsement identifies the company's exposure to deposition and etch tools as a primary factor for its favorable outlook within the semiconductor manufacturing sector.
Applied Materials was one of six companies added to the list this month. Other new additions included Microsoft and Delta Air Lines.