Applied Materials Shares Surge on Strong Forecast Driven by AI Demand
The chipmaking equipment giant expects second-quarter results to exceed market estimates as AI infrastructure expands. Shares jumped over nine percent today.
Insights:
Applied Materials, Inc. , the largest semiconductor equipment maker in the US 
US, announced on February 12, 2026, that it expects second-quarter revenue and adjusted profit to exceed market estimates. The company attributed this stronger outlook to rising demand for AI processors and a worldwide memory shortage. Following the announcement, the firm’s shares saw double-digit gains in extended trading, which also triggered share rises for its industry peers.
US, announced on February 12, 2026, that it expects second-quarter revenue and adjusted profit to exceed market estimates. The company attributed this stronger outlook to rising demand for AI processors and a worldwide memory shortage. Following the announcement, the firm’s shares saw double-digit gains in extended trading, which also triggered share rises for its industry peers.
