Chip Stock Investor发布 2026-08-17
《AMAT August 2026: $10B Quarter, China Back in Growth & Why We're Still Long》
$AMAT看涨
AMAT是AI基础设施敞口的长期持有标的；当前估值隐含未来5年约24%的每股收益年复合增长率。
让我们来回顾一下应用材料公司，股票代码为 AMAT。应用材料公司是仅次于 ASML 的第二大营收公司。在 2023 年和 2024 年 AI 和半导体牛市的早期阶段取得了相当不错的回报之后，应用材料公司在 2024 年底到 2025 年的大部分时间里表现冷淡。
Let's do a review of Applied Materials, the ticker AMAT. Applied Materials being the second largest by revenue behind ASML. After putting up some really solid returns early on in the AI and semiconductor bull market in 2023 and 2024, Applied went cold for a good chunk of the end of 2024 through 2025.
我们会提供一些我们在 2025 年 3 月和大约一年前（去年 8 月）制作的视频链接，讨论当时发生了什么、一些客户集中度问题，以及为什么这种情况迟早会改变。
We'll put some links to some videos we did in March of 2025 and then almost exactly 1 year ago, last August, talking about what happened, some of the customer concentration, but why that was going to change eventually, sooner or later.