Applied Materials (AMAT) Stock Soars 13% as AI Demand Powers Earnings Blowout

TLDR Applied Materials (AMAT) shares jumped 13% after hours Thursday following a strong Q1 earnings beat that topped analyst expectations. The chipmaker reported Q1 adjusted earnings of $2.38 per share on $7.01 billion revenue, exceeding Wall Street forecasts. CEO Gary Dickerson projects semiconductor business growth exceeding 20% in 2026 as AI infrastructure spending accelerates. Current [...]

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