Applied Materials Forecast Fails to Impress Following Rally
Yahoo Finance - 2024-05-16T20:35:58.000Z

(Bloomberg) -- Applied Materials Inc., the largest US maker of chipmaking machinery, failed to impress investors with its latest forecast following a rally in the shares this year. Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’With a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceJamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touches 40,000 Before Pulling Back:...

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Applied Materials (AMAT) Forecast Fails to Impress After Stock Run-Up
Applied Materials Inc., the largest US maker of chipmaking machinery, failed to impress investors with its latest forecast following a rally in the shares this year.
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Applied Materials forecasts strong third quarter on AI boom
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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Applied Materials Forecasts Third-Quarter Revenue Largely Above Estimates
(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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- 2024-05-16T16:06:00.000Z

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Applied Materials (AMAT) Forecast Fails to Impress After Stock Run-Up

Applied Materials forecasts strong third quarter on AI boom

Applied Materials Forecasts Third-Quarter Revenue Largely Above Estimates