This Tech Stock Is On Its Way to Double in 2021

The global semiconductor shortage has shown up in a lot of discussions among some companies that have released their earnings reports so far during this season. From smartphone makers such as Apple to semiconductor suppliers such as Cirrus Logic and automakers around the globe, companies are forecasting billions of dollars in lost sales thanks to the limited availability of chips. A surefire way for an investor to take advantage of this need to resolve a global chip shortage is to buy stock in Applied Materials (NASDAQ: AMAT) -- a leading supplier of semiconductor manufacturing equipment.