"Applied Materials Soars on Strong Earnings and AI-Driven Growth"
Applied Materials shares surged 13% in premarket trading after the semiconductor equipment supplier issued an optimistic second-quarter forecast, driven by strong demand for AI-enabled chips and improvements in electronics end-markets. The company expects second-quarter revenue of $6.5 billion, plus or minus $400 million, and adjusted profit per share of $1.79 to $2.15, surpassing market expectations. Analysts highlighted the company's diversified portfolio and potential for further gains, leading to a rise in stock price and positive outlook.