Applied Materials Stock Pops On Earnings Beat Amid Advanced Chip Demand—Indicator to Watch

Key TakeawaysApplied Materials shares jumped in pre-market trading Friday after the company beat first-quarter earnings and revenue estimates, and issued a strong current-quarter outlook.The company said its chip equipment business sits positioned to outpace the semiconductor market due to growing demand for more-complex chips.The top trendline of an ascending channel in Applied Materials shares may become a key future support area during pullbacks before another potential move higher. Applied Materials, ...