Future Tech
Applied Materials forecasts first-quarter revenue above estimates
Semiconductor equipment maker Applied Materials on Thursday forecast first-quarter revenue above Wall Street estimates, helped by a recovery in the personal computer market and rising demand for artificial intelligence tools.
The Santa Clara, California-based company expects first-quarter revenue of about $6.47 billion, plus or minus $400 million, compared with analysts' estimates of $6.37 billion, according to LSEG data.
- Reuters
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