Long been a believer in AMAT,

Long been a believer in AMAT, but I took healthy profits in the $150 range, figuring it had its run and would be dead money for a bit.

Whoops.

The long term prospects for AMAT (and ASML and LRCX and KLAC among others) are enormous.

AI is going to solve a lot of problems, and consume enormous amounts of chips to do that. From drug discovery to equipment design to transportation networks to water treatment to autonomous driving -- and the list goes on and on and on.

Put another way, when someone says "AI, design me a fuselage for a plane capable of carrying 175 people," and it can do a really good job of it -- right down to the bill of materials and manufacturing process rules -- we'll be at an entirely different level of AI. It'll happen over the next 10-15 years. AMAT and companies like it will be essential to all of it.

AMAT share price has run a bit too far, a bit too fast for me. But longer term, the prospects are mind-boggling. $Applied Materials(AMAT)$

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