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Global chip scramble boosts Applied Materials forecast above estimates

Applied Materials 3Q Guidance Ahead of Wall Street Targets

Applied Materials 3Q Guidance Ahead of Wall Street Targets
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Applied Materials beats Wall Street estimates in the fiscal first quarter

The chip-industry supplier forecasts up to £4.0 billion of revenue for Q2. The stock was reported about 4% up in extended trading on Thursday. Applied Materials Inc. (NASDAQ: AMAT) published its earnings report for the fiscal first quarter on Thursday that beat Wall Street estimates. Chief Executive Gary Dickerson commented on the quarterly results and said: “All the respective end-markets, NAND, DRAM, foundry-logic are strong. We think we’re in the very early innings, this is going to be a decade-plus investment cycle. Semiconductors are going to be on the key path of enabling some pretty major trends that play out around the world.”

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