Applied Materials positive on Q2 on resilient demand for automotive, AI chips
By
Biju Kumar
Applied Materials Inc on Thursday projected quarterly revenue broadly above estimates as it fills a backlog of orders and benefits from resilient demand for its tools used to make chips for the automotive and artificial intelligence industries.
The results from one of the biggest producers of chip-making equipment are welcome news for an industry that has in recent months been buffeted by worries over slowing demand.