Applied Materials: Buying opportunity after the 35% price drop? New factories require four times as much equipment!

US technology stocks are in a consolidation phase. AI stocks have significantly retraced from their 52-week highs. For example, leading chip equipment supplier Applied Materials has dropped more than 35%. However, this makes the stock interesting again. A new investment cycle is emerging in the DRAM market, which could be significantly more capital-intensive than in previous years. CFO Brice Hill stated that the industry is seeing around 1.6 million DRAM wafer starts per month and is building approximately 400,000 additional wafer starts of capacity...