Applied Materials Forecasts Third-Quarter Revenue Largely Above Estimates
U.S. News & World Report -

(Reuters) -Semiconductor equipment maker Applied Materials forecast third-quarter revenue largely above Wall Street estimates on Thursday, indicating robust demand fueled by an artificial intelligence boom.Applied Materials 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...

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