Reported 9 days ago
Applied Materials has lowered its revenue forecast for the first quarter, predicting earnings below Wall Street expectations, which reflects weak demand for chipmaking equipment outside the AI sector. Although there is high demand for AI chips, the broader semiconductor market remains sluggish, negatively impacting companies like Applied Materials. Stricter U.S. export controls and competition from other suppliers further complicate the situation, leading to a nearly 5% drop in its stock after the announcement.
Source: YAHOO