Applied Materials Q4 Profit Jumps 43%
Applied Materials reported a 43% increase in fourth-quarter profit. The report attributes the rise largely to strong demand for semiconductor manufacturing equipment amid growing investment in AI.
SANTA CLARA (dpa-AFX) - Applied Materials, Inc. (AMAT), a provider of materials engineering solutions for the semiconductor industry, reported a sharp increase in profit for the fourth quarter, driven largely by strong demand for semiconductor manufacturing equipment amid growing investment in AI-r…