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Huge Samsung Results Very Positive for 5 Top Tech Stocks

After a very rough stretch that included a defective phone and an alleged corruption scandal involving the company’s vice chairman and former South Korean president Park Geun-hye, Samsung has roared back into prominence. The company posted second-quarter operating profit of 14.1 trillion won ($12.68 billion), topping the first quarter as the highest ever. In addition, Samsung said it expects the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June.

This is not only huge for the world’s biggest maker of memory chips, smartphones and television sets, it’s also massive for the companies that do business with Samsung. In a new research report from RBC, the analysts make the case that five companies could be very positively affected by the company’s turnaround, and aggressive tech investors should perhaps consider owning shares. The analysts noted in their report:

Favorable supply-demand conditions persisted in the memory market as strong demands from data center and servers more than offset gradually diminishing demand from mobile. Samsung’s memory market outlook is positive for semicap players as well as NAND-centric peers, while the company’s expectation that the global smartphone market would witness growth in second half of 2017.

Here are the five companies RBC thinks stand to benefit.

Applied Materials

Some on Wall Street feel this semiconductor capital equipment leader has the broadest range of exposure to 3D NAND and foundry display. Applied Materials Inc. (NASDAQ: AMAT) is the global leader in precision materials engineering solutions for the semiconductor, flat panel display and solar photovoltaic industries. Applied Material’s technologies help make innovations like smartphones, flat screen TVs and solar panels more affordable and accessible to consumers and businesses around the...