Nov 13 (Reuters) - Applied Materials ( AMAT ),
U.S.-based maker of semiconductor manufacturing equipment,
forecast upbeat first-quarter revenue on Thursday, signaling
that robust demand for tools used to make AI chips is set to
overpower a broader industry slowdown.
The company forecast current-quarter revenue of $6.85
billion, plus or minus $500 million. Analysts on average expect
revenue of $6.76 billion, according to data compiled by LSEG.