Applied Materials forecast fourth-quarter revenue above Wall Street estimates on Thursday, anticipating a surge in demand for its chip-making equipment, fueled by the AI boom.
The largest U.S. semiconductor equipment maker expects fourth-quarter revenue of about $6.93 billion, plus or minus $400 million, compared with analysts' average estimate of $6.92 billion, according to LSEG data.
- Reuters
Created by Tan KW | Aug 16, 2024