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Applied Materials Sees Another Record Year in 2027
Applied Materials, Inc. (NASDAQ:AMAT) stock traded mostly flat in Friday’s premarket session after the semiconductor equipment maker reported strong fourth-quarter results and highlighted surging artificial intelligence demand . Applied Materials expects global cloud capital spending to surge more than 50% in 2027, exceeding $1 trillion. Management said the rapid expansion of AI infrastructure is fueling demand for advanced chips and semiconductor manufacturing equipment, positioning the company for another record year. Applied Materials said its monthly AI token consumption grew more than 50-
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