Applied Materials reported record Q2 2026 revenue of $7.91 billion, an 11% increase year-over-year, with GAAP EPS rising 33% to $3.51. The company benefits from strong demand for semiconductor equipment driven by AI infrastructure build-out and announced new partnerships to accelerate next-gen chip technologies. Applied expects over 30% growth in its semiconductor equipment business for calendar 2026 and raised its quarterly dividend by 15%. The outlook for Q3 2026 projects revenue around $8.95 billion and non-GAAP EPS near $3.36.
REX Shares has filed for the REX AI Chipmaking ETF, targeting the booming $1.3 trillion AI infrastructure sector. The fund tracks the VettaFi AI Chipmaking Index, focusing on companies involved in wafer fabrication equipment, advanced packaging, and ...
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
