Applied Materials reported a record fiscal second quarter with revenue of $7.91 billion, surpassing analyst expectations, driven by strong demand linked to AI investments. Adjusted earnings per share were $2.86, beating estimates, and the company expanded AI-related partnerships and introduced new chipmaking systems. It also announced plans to acquire ASMPT Limited’s NEXX business to enhance its advanced packaging capabilities. The company forecasted even higher revenue for the next quarter, signaling robust growth prospects fueled by the global expansion of AI computing infrastructure.
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...
