Investor Outlook: Applied Materials shares surge 12% after earnings beat
BNN Bloomberg
Applied Materials shares jump 12 per cent after earnings beat and 20 per cent growth forecast driven by AI and memory chip demand.
BNN Bloomberg spoke with Atif Malik, analyst at Citi, who said the company’s upgraded semiconductor systems sales forecast and positioning in DRAM equipment reflect a favourable shift in spending toward advanced packaging and AI-driven chip production.
Read the full transcript below:
LINDSAY: Shares of Applied Materials are soaring after the company delivered an upbeat sales forecast, signalling strong demand for artificial intelligence and memory semiconductors. For more on this, we’re joined by Atif Malik, analyst at Citi. It’s good to have you with us. Thanks so much.
ATIF: Thank you for having me.
LINDSAY: What are your initial takeaways from Applied Materials’ latest earnings report?
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