applied materials quarterly revenue: Applied Materials sees quarterly revenue above estimates on AI boom
Semiconductor equipment supplier Applied Materials forecast better-than-expected second-quarter revenue on strong demand for advanced chips used in artificial intelligence and a recovery in the personal computer market, sending its shares up 12% after the bell on Thursday.Strong spending from cloud computing service providers and the rise of AI-embedded personal computers are driving demand for more advanced chips and by extension, for chip making equipment too.Elevate Your Tech Prowess with High-Value Skill…