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Jim Cramer on Applied Materials: “It Got Away From Us”
Jim Cramer commented on Applied Materials (NASDAQ: AMAT), admitting that he and Jeff Marks considered adding the stock to their bullpen but “it got away from us” due to its parabolic rise. Cramer, while acknowledging the company’s strong performance and share buybacks, suggested taking some profits off the table due to its current valuation. The article also highlights AMAT’s significant long-term growth compared to the S&P 500, driven by semiconductor demand and aggressive buybacks.