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.

Fool contributor Steve Heller owns shares of Intel. The Motley Fool recommends Intel. The Motley Fool owns shares of Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.