💨 Abstract

Applied Materials, a leading semiconductor equipment manufacturer, forecasts first-quarter revenue below Wall Street estimates due to sluggish demand for chipmaking equipment, particularly in non-AI markets. The slowdown is attributed to market weakness and stricter export curbs on high-end chips to China. Competition from companies like KLA Corp, Lam Research, and ASML Holding also contributes to the uncertain outlook.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖