Applied Materials projects strong second quarter revenue on AI chip demand
The chipmaking equipment giant expects second-quarter revenue of around 7.65 billion dollars. This surge is driven by high demand for advanced AI processors.
Insights:
Applied Materials, Inc. announced on Feb. 12 that it expects second-quarter revenue to reach approximately $7.65 billion, plus or minus $500 million. This forecast is materially above market estimates compiled by LSEG, which had anticipated revenue of about $7.01 billion for the quarter.
