Applied Materials to Participate at UBS Global Technology and AI Conference

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This chip stock 'remains by far the cheapest of the big-5', says Bernstein

November 17, 2025 5:00 PM EST

Bernstein highlighted a semiconductor chip stock that remains by far the cheapest of the big-5, with the firm reiterating its Outperform rating and raising its price target for the name to $250 in a recent note to clients.

Applied Materials is the stock in question. The commentary from Bernstein analyst Stacy Rasgon follows the companys fiscal fourth-quarter results.

Rasgon told investors in a note that Applied Materials (NASDAQ:... More