Applied Materials Reports Record Revenue Amid Strong AI Demand Despite Stock Decline
Applied Materials (NASDAQ:AMAT) reported record fiscal second-quarter revenue of $7.91 billion and raised its third-quarter guidance above analyst expectations, driven by strong demand from artificial intelligence infrastructure investments. However, the stock fell more than 3% in premarket trading despite initial gains after earnings.
Tickers: $AMAT
Topics: AI infrastructure revenue growth semiconductors stock performance