Semiconductors: Applied Materials sends good news from the front

2023-08-18 16:14:05

The decline in the semiconductor industry should fade thanks to new outlets such as artificial intelligence. At least, that’s what Applied Materials hopes, which is giving higher forecast results for the fourth quarter of 2023 of its staggered fiscal year.

In an Aug. 17 statement, the maker of semiconductor manufacturing tools said it expects sales of regarding $6.51 billion, for earnings between $1.82 and $2.18 per share.

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