Applied Materials forecasts strong third quarter on AI boom
Yahoo Finance -

Semiconductor equipment maker Applied Materials forecast third-quarter results largely above Wall Street estimates on Thursday, indicating robust demand fueled by an artificial intelligence boom. The company has benefited from growing demand for wafer fabrication equipment, which are sophisticated and expensive machinery to make semiconductors, as its customers are investing heavily to produce AI chips. A surge in the requirement of high-performance computing and data centers has also driven...

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