Applied Materials Inc., the largest US supplier of semiconductor equipment, gave sales and profit forecasts that far exceeded analysts’ estimates, fueled by soaring demand for AI computing and memory chips.
Applied Materials Inc., the largest US supplier of semiconductor equipment, gave sales and profit forecasts that far exceeded analysts’ estimates, fueled by soaring demand for AI computing and memory chips.
Signage outside Applied Materials headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. Applied Materials Inc. is expected to release earnings figures on May 20. Photographer: David Paul Morris/Bloomberg