Key facts: Applied Materials shares rise 1% on Jefferies upgrade; $1.7B in obligations
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In premarket trading, Applied Materials (AMAT) shares rose about 1% after Jefferies upgraded the stock, citing strong AI-driven demand for semiconductor equipment.1Applied Materials has $1.7 billion in unsatisfied performance obligations, with 53% expected to be recognized within the next 12 months, despite a downward trend in contract liabilities.2
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