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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (86606)	3/10/2021 12:16:34 PM
From: The Ox	2 Recommendations Recommended By Return to Sender Sam Respond to of 95616

Message 33236038 AMAT CC: "into 2022, we see that strength continuing."... Dan Durn Yeah. And so that would be our point of view. We talked about, how well the company performed in 2019. We talked about our business being up over -- our systems business being up over 26% in 2020 -- calendar year 2020. And that's against the backdrop of a market that was up mid-teens. Let's say, it land at around 60, up mid-teens. We see that strength following through in 2021. We see foundry/logic continuing to be strong. We see DRAM from a growth standpoint, firing this year. NAND we see, some investments early in the year, but being a bit more muted from a growth profile standpoint, but still a healthy level. And as we look forward into 2021 -- I mean forward into 2022, we see that strength continuing. We've got an investor meeting coming up on April 6. We'll share more about what we see in WFE in 2021 and 2022 and beyond. But we'll give people a sharper perspective of what we see in that near-term window defined by 2021 -- 2021 and 2022 and also give a longer-term view. But the strength we see in the current environment, we don't see it as a one quarter, a first half, a one-year phenomenon. And this is something that's been building overtime. We don't think this represents a peak level of spend. We've got a semiconductor industry that's approaching $500 billion. It's going to go to $750 billion. And it's going to go to a $1 trillion. It's going to happen in the next decade or so, give or take. And the supply -- the capacity statement to support that level of demand and that level of growth is going to benefit this industry, in a material way, and it's going to benefit Applied in a very material way. The industry was $40 billion went to $50 billion, $60 billion. Our view is over $70 billion in this year. You will see $80 billion, $90 billion. It will be over $100 billion to support the growth of the overall semiconductor industry over time. So we feel really good about the material opportunity that sits in front of us and the momentum we have as our company-specific momentum against that market opportunity. We just feel really good about how well we're positioned. Applied Materials, Inc. (AMAT) Management Presents at Morgan Stanley Technology, Media and Telecom Conference (Transcript) \| Seeking Alpha