🟢 Applied Materials is trading 5.73% up today on stronger-than-expected fiscal Q4 guidance

Applied Materials is trading 5.73% up at $96 after investors reassessed record fiscal Q3 results and stronger-than-expected fiscal Q4 guidance.

• Fiscal Q3 revenue was $9.12 billion; fiscal Q4 guidance was $10.25 billion, above consensus expectations.
• Broad semiconductor strength supported the move, with SOXX up 3.05%.
• Renewed AI optimism followed NVIDIA’s approximately $12.9 billion Hugging Face acquisition, boosting sentiment toward AI infrastructure suppliers.