Applied Materials reported a strong Q2 fiscal 2026 with revenue of $7.91 billion, up 11% year-over-year, and non-GAAP EPS of $2.86, a 20% increase. The company sees continued growth with guidance of $8.95 billion revenue and $3.36 EPS next quarter, driven by heavy AI-related demand for its semiconductor manufacturing solutions. Institutional investors are heavily buying AMAT shares, which have risen 121% this year, reflecting confidence in its solid fundamentals and growth prospects. This momentum suggests AMAT could remain a strong performer in technology portfolios.
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...
