This Semiconductor Stock Could Go Parabolic

Applied Materials (NASDAQ: AMAT) stock has lost a quarter of its value on the market in 2022, but shares of the company that supplies semiconductor manufacturing equipment to foundries have been in recovery mode over the past week. It won't be surprising to see Applied Materials stock get a nice shot in the arm when it releases its fiscal 2022 second-quarter results after the market closes on May 19. Applied Materials has won big from the global semiconductor shortage over the past couple of years, consistently logging robust top- and bottom-line growth.