"Are you tired of China being weak, hearing about those stories? Well, 'China is probably our strongest region,'" Cramer said on "Squawk on the Street," citing the company's conference call.
This is "maybe one of the most bullish [conference] calls I've heard in years. They have fabulous business record revenues in China, they have 3D flash, … unbelievable," he said.
Applied Materials reported adjusted second-quarter earnings per share of 34 cents on revenue of $2.45 billion on Wednesday. Analysts polled by Reuters expected the firm to report earnings per share of 32 cents on revenue of $2.43 billion.