Building on its strong growth momentum over the last few quarters, Applied Materials reported record revenue and earnings throughout fiscal year 2017, which ended on October 29. Emerging technologies such as the Internet-of-Things (IoT) and artificial intelligence are driving strong growth in the semiconductor industry. Innovation and solid execution has enabled Applied to expand its presence and gain share, growing faster than the market. As its customers continue to make large investments to advance semiconductor and display technology, Applied’s growth momentum is likely to continue in the near future. Higher, Less Volatile Spending On Wafer Fab EquipmentThe semiconductor market is growing and becoming more diverse and stable.

Source: Forbes November 30, 2017 21:33 UTC