"Applied Materials ( NASDAQ:AMAT) surged after reporting Q1 revenue of $7.01 billion and beating earnings estimates. CEO Gary Dickerson said on the earnings call: "Applied Materials delivered strong results in our fiscal first quarter, fueled by the acceleration of industry investments in AI computing... we expect to grow our semiconductor equipment business over 20% this calendar year." The guidance signals sustained capital equipment spending as chipmakers race to expand AI infrastructure capacity."
"Shares of Taiwan Semi are already up more than 20% year-to-date as it becomes clear demand isn't slowing down, it's accelerating. Memory Surge Continues Micron ( NASDAQ:MU)'s rally extended after the company projected record Q2 revenue of $18.70 billion with 68% gross margins. The memory maker is capturing premium pricing on HBM3E chips for AI accelerators. Analysts maintain 37 buy or strong buy ratings versus just 6 hold or sell ratings, reflecting confidence in the AI memory cycle."
Semiconductor stocks showed a mixed weekly performance as equipment makers and foundries outperformed chip designers. Applied Materials reported strong Q1 revenue and guided for over 20% equipment business growth amid accelerating AI investments. Taiwan Semiconductor's January revenue jumped 37%, exceeding its 2026 growth target and signaling accelerating demand. Micron projected record Q2 revenue with 68% gross margins and is capturing premium pricing on HBM3E memory for AI accelerators, supported by strong analyst buy ratings. Intel and Nvidia experienced notable share declines despite largely positive company-specific developments and upcoming earnings reports influencing investor positioning.
Read at 24/7 Wall St.
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