Applied Materials, Inc. (AMAT) vs Mastercard Incorporated (MA)

Applied Materials Inc. is the world’s largest manufacturer of semiconductor wafer fabrication equipment, with a broad portfolio covering nearly every segment of the WFE ecosystem. The company holds a leading market share in deposition technologies, which involve adding new material layers to semiconductor wafers. Applied Materials has greater exposure to general-purpose logic chips produced by integrated device manufacturers and foundries. Its customer base includes some of the world’s largest chipmakers, such as TSMC, Intel, and Samsung.

Mastercard Incorporated is the world’s second-largest payment processor, handling nearly $11 trillion in payment volume during 2025. The company operates in more than 200 countries and territories and processes transactions in over 150 currencies worldwide.