From Investing.com: 2024-11-14 17:36:10

Applied Materials forecasted first-quarter revenue below expectations due to weak demand for chipmaking equipment outside of AI chips, causing shares to drop. Export restrictions on high-end chips to China add uncertainty. Competition from KLA Corp, Lam Research, and ASML Holding is also a challenge. Despite beating Q4 estimates, Q1 revenue is expected to be around $7.15 billion, slightly lower than analysts’ estimates.



Read more at Investing.com: Applied Materials forecasts quarterly revenue below estimates on weak demand By Reuters