This Intel Supplier Sits At The Center of The AI Value Chain And The Market Is Finally Catching On: Growth Score Spikes - Applied Materials (NASDAQ:AMAT), Intel (NASDAQ:INTC)

Core Insights - Applied Materials Inc. is experiencing a significant surge in its Growth score within Benzinga's Edge Stock Rankings, driven by ongoing growth in AI capital expenditure spending [1][3] - The company's Growth score has increased from 68.29 to 98.2 in just one week, reflecting a strong quarterly performance with $6.8 billion in revenue, surpassing consensus estimates of $6.67 billion [3] - Year-over-year growth was modest at 3%, but the company's guidance for the current quarter is optimistic, projecting revenues of $6.85 billion, exceeding estimates of $6.76 billion, and adjusted earnings between $1.98 to $2.38 per share, significantly above the estimate of $2.13 per share [4] Company Overview - Applied Materials supplies essential equipment, software, and services to the semiconductor industry, playing a critical role in the global AI value chain [5] - The company serves major clients in the semiconductor sector, including Intel Corp., Taiwan Semiconductor Manufacturing Co. Ltd., and Micron Technology Inc. [5] Stock Performance - The stock ranks highly in Momentum, Growth, and Quality within Benzinga's Edge Stock Rankings, indicating a favorable price trend across short, medium, and long-term periods [6]