Applied Materials earnings reveal AI chip demand

) are largely flat on Friday morning after the company posted its second quarter earnings on Thursday, revealing revenue of $6.65 billion. The stock has gained over 32% year to date, highlighting the demand for AI chips.Shares are essentially flat this morning, but we're bringing this up because we're getting data out the latest earnings report here and pointing to some larger trends that we wanna highlight and what this exactly tells us about the chip industry.

Remember that this is a stock, if you actually take a look at a longer term chart of applied materials, this is a stock that is actually risen about 30% this year. But it does give us a good sense of demand in some crucial parts of of the electronic supply chain here. Again, those sales in the third quarter could remain flat, essentially given what we already know from them.But interesting to see whether or not that is going to be able to normalize a little bit, particularly as the situation in China potentially normalizes after that government intervention there.Looking for dividends? I wouldn't count on Enbridge stock forever. But there's another that's been a proven winner.

Source: News Formal (newsformal.com)

Madison Mills

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