What Is Applied Materials’ (AMAT) Economic Moat, and Is It Widening or Narrowing?

Applied Materials, Inc. (NASDAQ:AMAT) closed at $430.01 on October 15. The stock returned 9.1% over the last 6 months, compared with a 15.4% return for the Insider Monkey Billionaire Index and 11.4% for the State Street SPDR S&P 500 ETF Trust. Applied Materials does not make chips. It makes the machines that make them. A modern chip plant […]