Jim Cramer Says Applied Materials' Conference Call Was One Of The 'Most Bullish' Events In Years

Shares of

were trading higher by more than 13 percent Friday morning following the company's top-and-bottom second quarter earnings beat and a strong outlook for the coming quarter. CNBC's Jim Cramer praised the stock during his daily

segment Friday morning with an emphasis on the company's commentary on China. Cramer suggested that Applied Materials' post earnings conference call was the "most bullish" event he has heard in years. Specifically, he highlighted management who said that China is its strongest region and the momentum in the country keeps on building with a multi-year opportunity. "They have fabulous business, record revenues in China," Cramer expanded. "They are doing 3D flash, they are doing OLED... unbelievable!" He added that listening to Applied Materials' conference call reminded him of the "old days" when investors can listen to a conference call conducted by a technology company and come away saying "China is good... US is good... business is strong." "Applied Materials is back and it's better than ever," Cramer concluded. "It's such a happy day for Applied Materials."