Guinness Global Innovators Fund highlighted Applied Materials (AMAT) as a key contributor in its Q2 2026 investor letter, citing its strong position in the AI chip manufacturing boom. The fund noted that AMAT, a provider of materials engineering solutions for the semiconductor industry, gained 111.8% in USD during Q2 2026 and 203.92% over the past 52 weeks. The fund believes AMAT is well-positioned to benefit from accelerating demand for AI, high-performance computing, and data center infrastructure, which is driving record capital expenditure in wafer fabrication equipment (WFE).