Applied Materials boosts its outlook as AI chipmakers scramble to add more production capacity (opens in new tab)

Chipmaking industry giant Applied Materials Inc. is expecting stronger sales in its semiconductor equipment business this year compared to what it originally forecast, thanks to surging demand for artificial intelligence chips. The company offered bullish guidance for the current quarter after delivering earnings and revenue in its latest quarter that exceeded Wall Street’s expectations. Adjusted […] The post Applied Materials boosts its outlook as AI chipmakers scramble to add more productio...