Applied Materials

The Applied Materials share rose about 4.4% to $455 in morning trading after investors re-entered following earlier profit‑taking. The company reported Q3 revenue of $9.12 billion and provided a Q4 revenue outlook of $10.25 billion, substantially beating expectations and implying non‑GAAP EPS growth of roughly 85%. Previously the stock had slipped in after‑hours trading despite strong results and had lost about 14% over roughly ten trading days; price target increases and new buy ratings have recently strengthened confidence. The rebound is attributed mainly to company‑specific fundamentals and an accelerated demand for wafer‑fabrication equipment for AI. » More on de.investing.com

CEO Gary Dickerson says AI demand is accelerating across advanced logic, high-bandwidth memory, data centers, edge AI and advanced packaging, with about 80% of this year’s wafer‑fab equipment growth tied to AI-related areas. Applied's advanced‑packaging business is growing more than 50% this year and its services business is expanding at roughly a 20% CAGR. The company is investing $5 billion in an EPIC Center to co‑develop and commercialize AI‑focused chip architectures faster, while emphasizing materials engineering, yield and reliability. » More on finance.yahoo.com

Applied Materials raised revenue in the third fiscal quarter to $9.12 billion (+25% year-on-year) and reported adjusted earnings per share of $3.50, both above consensus estimates. The stock nevertheless fell about 5.1% on the Nasdaq; market participants attributed this to a high valuation (P/E >50) and profit-taking. CEO Gary Dickerson attributes the growth to stronger demand for equipment for AI chips; the company expects roughly $10.25 billion in revenue for the fourth quarter. About 28% of revenue comes from China, which is cited as a risk in the event of possible export restrictions. » More on finanzen.net