Friday, 14 August, 2026
High Expectations Pinch Applied Materials Despite Record Results
By TechShots Studio
Applied Materials shares fell roughly 5% as investors demanded faster growth following a massive stock rally. Despite posting a 25% jump in quarterly revenue to $9.12 billion and forecasting upbeat fourth-quarter sales of $10.25 billion—beating Wall Street expectations—the market reacted cautiously, reflecting concerns over intense competition from chip-equipment rivals like ASML and Lam Research.
Read full story at REUTERS