Author Bio Harsh has been covering technology, and sometimes retail, since 2011. He is focused on finding great businesses for the long run. You can follow him on twitter @techjunk13 Follow @techjunk13 Applied Materials' (NASDAQ:AMAT) stock has beaten the broader market significantly this year thanks to a late rally triggered by a strong set of results for the fourth quarter of fiscal 2020. But those who have missed Applied Materials' gains so far shouldn't be disappointed, as the stock looks set to fly higher in 2021. Let's take a closer look at the reasons why this semiconductor play could deliver explosive growth next year, and why it isn't too late to buy the stock just yet.