Which stock can most retail investors not name?

The stock's name was not disclosed in the summary, but it is leading the group in performance.

5 Chip Stocks Riding the AI Fab Spending Wave

Semiconductor equipment makers like Applied Materials, Lam Research, and KLA are seeing surging demand as AI fab spending ramps up. These 'picks-and-shovels' stocks are cashing in on the AI boom.

July 11, 2026

1 min read

Source: 24/7 Wall St.

According to a report from 24/7 Wall St., Applied Materials (AMAT) has blown past its own growth forecast, reflecting strong demand for chip-making equipment used in AI. Companies supplying every HBM stack and gate-all-around node are collecting the checks.

Details

Five picks-and-shovels stocks sit directly under that spending fire hose, and the one most retail investors cannot name is leading the pack. These include Applied Materials (AMAT), Lam Research (LRCX), and KLA Corporation (KLAC), along with two others not named in the summary.

Context

AI fab spending is surging, with TSMC, Samsung, and Intel investing billions in new production lines. This directly benefits equipment suppliers like those mentioned.

What It Means for Investors

For investors, this trend offers exposure to the semiconductor sector via equipment makers, potentially reducing risk from volatile end-product demand.

Frequently Asked Questions

The stocks include Applied Materials (AMAT), Lam Research (LRCX), and KLA Corporation (KLAC), plus two others not named in the report.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.