Applied Materials, Inc. (NASDAQ: AMAT) is one of the 12 Most Profitable NASDAQ Stocks to Buy Right Now, with Mizuho and Deutsche Bank analysts upgrading the stock to Outperform and Buy, respectively. Price targets have been raised to $370 and $390, reflecting positive trends in wafer fabrication equipment.

Needham analyst Charles Shi also increased the price target on AMAT to $390, citing a bullish outlook on the semicap sector. With a Strong Buy rating and an average share price target of $338.24, the stock presents a 5% upside potential as of January 30.

AMAT is a leader in materials engineering solutions, providing manufacturing equipment, services, and software to the semiconductor industry. While the stock shows promise as an investment, other AI stocks may offer greater upside potential with less downside risk.

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Read more at Yahoo Finance: Applied Materials, Inc. (AMAT) a Strong Buy, Per Wall Street