Applied Materials' Sales Hit Record High Amid AI Race

Key TakeawaysApplied Materials reported stronger-than-expected results for the fiscal third quarter and provided an outlook in line with projections.Quarterly revenue reached a record high and profit topped analysts' estimates.Applied Materials CEO Gary Dickerson said the record revenue was fueled by the race for artificial intelligence leadership. Applied Materials (AMAT) posted stronger-than-expected results for the fiscal third quarter, amid a surge in demand that the company's CEO said was fueled by the ...