Applied Materials forecasts second-quarter sales above estimates

Reuters

02/13

<a href="https://laohu8.com/S/AMAT">Applied</a> Materials forecasts second-quarter sales above estimates

Feb 12 (Reuters) - Applied Materials AMAT.O forecast second-quarter revenue above market estimates on Thursday, betting on a boom in demand for AI processors to help drive sales of its chipmaking equipment.

The company expects second-quarter sales of about $7.65 billion, plus or minus $500 million, compared with estimates of $7.01 billion, according to data compiled by LSEG.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Alan Barona)

((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))

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