Jim Cramer highlighted Applied Materials’ rapid ascent and described its chart as parabolic, advising investors to take profits now and consider reentering at lower levels to manage risk while maintaining exposure.

Applied Materials has reduced its share count by 31% since the end of 2015 through aggressive buybacks, helping deliver a 50% gain in 2025 and a total return of 1,200% over that period, far outpacing the S&P 500’s 229%.