Applied Materials: AI Chip Demand Boosts Stock

Applied Materials, a leading semiconductor equipment manufacturer, is poised for significant growth in 2026 due to the surging demand for AI-enabled chips and advanced memory chips. The companys stock has already seen a 56% increase over the past year, and TD Cowen analysts predict a potential 16.9% increase from its current value. Despite a slight dip in Chinese spending due to export controls, Applied Materials expects strong memory chip production to drive revenue, with current-quarter projections at around $6.85 billion.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.