Applied Materials Stock News

The semiconductor company posted a profit of $2.72 billion in the fourth quarter, fueled by artificial intelligence-driven demand for semiconductor services.

Applied Materials beat Wall Street's targets for its fiscal fourth quarter and with its outlook for the current period.

Applied Materials forecast first-quarter revenue above ​Wall Street expectations on ‌Thursday, betting that strong demand for advanced AI chips ​will continue to fuel ​spending on its semiconductor manufacturing ⁠equipment.

Record quarterly revenue $10.41 billion, up 53 percent year over year Quarterly GAAP gross margin 50.4 percent and non-GAAP gross margin 50.6 percent, up 240 basis points and 250 basis points year over year, respectively Quarterly GAAP EPS $3.40 and record non-GAAP EPS $4.16, up 43 percent and 92 percent year over year, respectively Record annual revenue $34.45 billion, up 21 percent year over ...

Applied Materials stock has slumped into a bear market after falling more than 50% from its all-time high, as concerns about the artificial intelligence (AI) industry persist. The stock is about to form a death cross pattern, which points to more downside.

The US stock market came under intense pressure last week, with the S&P 500 and Nasdaq 100 indices falling hard. The S&P 500 Index dropped to 7,376, its lowest level since July 29, down by 6% from its highest point this year.

This week will bring the consumer and producer price indexes, as well as earnings from Rocket Lab, Occidental, CoreWeave, and more.