(Reuters) – Applied Materials forecast fourth-quarter revenue above Wall Street estimates on Thursday, anticipating a surge in demand for its chip-making equipment, fueled by the AI boom.
The largest U.S. semiconductor equipment maker expects fourth-quarter revenue of about $6.93 billion, plus or minus $400 million, compared with analysts’ average estimate of $6.92 billion, according to LSEG data.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Pooja Desai)
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