AI spending is 'sacrosanct' even as the broader economy slows, say Oppenheimer analysts, who lifted their price target for the semiconductor company. Read More...
Bloomberg
Applied Materials’ Forecast Shows Bright Spots in Chip World
(Bloomberg) — Applied Materials Inc., the biggest maker of semiconductor-manufacturing equipment, gave a strong sales forecast for the current quarter, benefiting from demand for gear that makes auto and industrial chips. Most Read from BloombergChina Hits Back at US with Sanctions on Lockheed, RaytheonPassengers Take 16-Hour Flight to Nowhere After Auckland to New York U-TurnStar Banker’s Disappearance Unnerves China’s Business EliteTesla Recalls More Than 362,000 Cars Due to Self-Driving Cras
