Stifel analyst Patrick Ho says that augmented reality and virtual reality should boost Applied Materials' semiconductor equipment and display equipment businesses. The proliferation of "more real-life" VR and AR applications beginning in 2019-2020 should lead to "additional wafer starts and an acceleration of OLED capacity in the industry," lifting Applied Materials' results, according to the analyst. He says that the company's leadership positions in both areas make it the best positioned in the sector to benefit from AR and VR He keeps a Buy rating on the shares.