Applied Materials Inc. (NASDAQ:AMAT), the leading U.S. manufacturer of chip-manufacturing equipment, recently announced a fiscal fourth-quarter sales forecast of approximately $6.93 billion. This projection aligns with the average analyst estimate but failed to meet investor expectations, who had anticipated a larger boost from increased artificial intelligence spending. The company’s anticipated profit, excluding certain items, is […]
Full ArticleApplied Materials’ Sales Forecast Disappoints
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