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Applied Materials Predicts Strong Fourth Quarter

Revenue Expectations Exceed Wall Street Forecasts

Chip-Manufacturing Equipment Maker Anticipates Growth

In a recent press release, Applied Materials Inc., the largest U.S. maker of chip-manufacturing equipment, announced its sales forecast for the fourth quarter of 2024.

The company anticipates revenue of approximately $6.93 billion, which is higher than Wall Street estimates.

Applied Materials attributes this growth to the continued demand for semiconductor equipment, driven by the increasing adoption of artificial intelligence (AI) and cloud computing.

• Applied Materials expects revenue in China to account for approximately 32% of its total revenue, up from 27% in the previous year.
• The company's strong performance is also attributed to its investments in research and development, which have resulted in innovative new products.
• Analysts believe that Applied Materials is well-positioned to capitalize on the growing demand for chip-manufacturing equipment, as the global semiconductor industry continues to expand.

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