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Applied Materials’ stock climbs as company logs earnings beat, sees AI momentum


Applied Materials Inc. delivered upbeat results and guidance Thursday afternoon, and its stock surged in the extended session.

The chip-equipment company logged fiscal-first quarter net income of $2.02 billion, or $2.41 a share, compared with $1.72 billion, or $2.02 a share, in the year-prior quarter.

On an adjusted basis, Applied Materials…

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