TECH - What's Going On With Applied Materials Stock Today? | Benzinga
Applied Materials, Inc. (NASDAQ:AMAT) shares are trading lower in the premarket session on Friday after ending yesterday’s run with a mild 1.59% slump.
On Thursday after the bell, the company reported second-quarter results of 2024, where the company generated $1.39 billion in cash from operations and distributed $1.09 billion to shareholders, including $820 million in share repurchases and $266 million in dividends.
Check This Out: Applied Materials Q2 Earnings: Revenue Beat, EPS Beat, Positioned For Growth In AI, EVs, Clean Energy And More
The company serves as a key supplier to major players in the industry, including Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM), Samsung Electronics Co (OTC:SSNGY), and Intel Corporation (NASDAQ:INTC). This positions its outlook as a significant indicator of demand ...