Applied Materials, Inc. (NASDAQ:AMAT) is one of the 11 Best Large-Cap Tech Stocks to Invest In. 

On March 10, Applied Materials, Inc. (NASDAQ:AMAT) announced a long-term research and development partnership with SK hynix. The collaboration focuses on speeding the development of next-gen DRAM and HBM technologies for AI and high-performance computing.

A team of engineers from both companies will work together at Applied Materials’ EPIC Center in Silicon Valley. The engineering team will focus on materials engineering, process integration, and advanced 3D packing to enhance the performance and manufacturing ability of future memory systems. SK Hynix will be a founding partner, joining Applied Materials at the EPIC Center, along with providing advanced packaging research in Singapore.

Applied noted that its $5 billion EPIC Center is expected to open later this year. The center is designed to provide earlier access to chipmakers to develop an R&D portfolio, reduce development cycles, and accelerate the transition of next-gen semiconductor technologies into high-volume manufacturing for AI.

As of March 10, 37 analysts cover AMAT, with 29 rating the stock a Buy and 8 a Hold. The average price target of $427.50 implies an upside potential of more than 23.50%.

Applied Materials, Inc. (NASDAQ:AMAT) offers materials engineering solutions, along with equipment, services, and software to the semiconductor and related industries worldwide. The company operates through Semiconductor Systems and Applied Global Services (AGS) segments.

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