Applied Materials shares soar after upbeat forecastBloombergApplied Materials Inc shares on Thursday surged 10 percent in late trading after delivering a surprisingly upbeat sales forecast, signaling that demand for artificial intelligence (AI) and memory chips is fueling equipment purchases. “The acceleration of industry investments in AI computing” is powering the company’s results, Applied Materials chief executive officer Gary Dickerson said in a statement. A smartphone displaying the Applied Materials Inc logo is placed on a computer motherboard on March 6, 2023. Second-quarter earnings per share would be about US$2.64, excluding some items, Applied Materials said. The US Department of Justice and the US Securities and Exchange Commission also closed related probes into the matter without taking action, Applied Materials said.

Source: Taipei Times February 13, 2026 17:14 UTC