This Intel Supplier Sits At The Center of The AI Value Chain And The Market Is Finally Catching On: Growth Score Spikes
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Applied Materials Inc. (NASDAQ:AMAT), an Intel supplier, has seen a significant spike in its Growth score in Benzinga's Edge Stock Rankings, rising from 68.29 to 98.2. This surge follows a strong fiscal fourth-quarter performance, with revenue of $6.8 billion, surpassing estimates. The company expects further growth, with projected revenues of $6.85 billion and adjusted earnings per share between $1.98 and $2.38, exceeding expectations. Applied Materials is a key player in the AI value chain, supplying major chipmakers like Intel, TSM, and Micron.
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