Applied Materials forecasts second-quarter sales above estimates

Group 1 - Applied Materials forecasts second-quarter revenue of approximately $7.65 billion, exceeding market estimates of $7.01 billion, with a margin of plus or minus $500 million [1] - The company anticipates an adjusted profit of about $2.64 per share, compared to estimates of $2.28 per share, with a margin of plus or minus 20 cents [1] - The surge in demand for AI processors is driving sales of chipmaking equipment, contributing to the company's optimistic outlook [1] Group 2 - Applied Materials is benefiting from a global memory shortage, as memory providers are increasing investments to boost manufacturing capacity [1] - The company's shares rose by 9% in extended trading following the positive forecast [1] - As the largest U.S. semiconductor equipment maker, Applied Materials is positioned to capitalize on the expanding production capacity of chip manufacturers [1]