TSI #2.0: Applied Materials

Summary

• We’re kicking off Tech Stack Investing (TSI) with a few reports on players in the WFE space.

• We’re beginning with Applied Materials and subsequent reports will cover Lam Research, KLA-Tencor, and ASML, and other smaller players.

• We shall collectively review the financials and valuations of the WFE players in a separate report that concludes the WFE…