Applied Materials Stock Powered by Bullish Forecast

Applied Materials Inc (NASDAQ:AMAT) shares are up 10.9% to trade at $364.01, and earlier hit a record high of $376.32, after the semiconductor firm posted better-than-expected quarterly results and strong guidance. Plus, profit jumped 70% to $2.03 billion -- attributed to rising artificial-intelligence computing demand -- and the company projected revenue between $7.15-$8.15 billion for the current quarter, well above estimates.Analysts are reinforcing the bullish backdrop, with no fewer than 10 lifting the ...