Buying This Growth Stock Right Now Is a No-Brainer

Share prices of Applied Materials (NASDAQ: AMAT) have pulled back nearly 8% since the stock's rating was cut from buy to neutral by research firm New Street Research toward the end of September. This seems to have dented investor confidence in Applied Materials stock, which has beaten the broader market handsomely so far in 2021 thanks to a string of impressive quarterly results driven by the growing demand for semiconductor manufacturing equipment. Let's look at the reasons why buying Applied Materials on its latest dip could turn out to be a smart investment decision in the long run.