Technologically speaking, without Applied Materials (NASDAQ:AMAT), the world would likely be in a completely different place. Its products have been foundational for companies like Intel to shrink transistors within the limits of Moore's Law.

Now, just because a company is extremely important to the world of technology doesn't necessarily make it a good investment. In the following video, Fool contributor Steve Heller makes a case for why he believes Applied Materials is currently a hold. A big part of his reasoning has to do with the lackluster performance of the PC market, which has yet to show any meaningful signs of stabilization.