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This Hot Growth Stock Is Still a Screaming Buy After 900% Gains

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 A $1,000 investment in Applied Materials (NASDAQ:AMAT) stock made a decade ago would be worth more than $10,000 today, which seems a tad surprising as the tech company s revenue and earnings didn t grow at particularly eye-popping rates over that period. The company, which supplies key fabrication equipment, services, and software that semiconductor manufacturers use to make their chips, had a 10-year compound annual revenue growth rate of just 6.06%. It brought in $9.55 billion in revenue in its fiscal 2010; that increased to $17.2 billion in its fiscal 2020, which ended Oct. 25. Its non-GAAP net income increased from $1.18 billion to $3.85 billion over the same period, translating to a compound annual growth rate (CAGR) of 12.54%.

Futures, Global Stocks Extend Gains To End Volatile Week

US-China tech war: Beijing s secret chipmaking champions

US-China tech war: Beijing’s secret chipmaking champions Once a month, senior executives of Yangtze Memory Technologies Co fly to Beijing for a flurry of meetings with China’s top economic management bodies. They focus on the company’s efforts to build some of the world’s most advanced computer memory chips and its progress on weaning itself off American technology. Based in the central riverside city of Wuhan, Yangtze Memory is considered at the vanguard of the country’s efforts to create a domestic semiconductor industry, already mass-producing state of the art 64-layer and 128-layer Nand flash memory chips, used in most electronics from smartphones to servers to connected cars.

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