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Applied Materials weak forecast fans concerns over chip boom end

1 month ago   |   By Reuters

Applied Materials Inc, the world's largest supplier of equipment used to make chips, forecast current-quarter profit and revenue below Wall Street estimates, adding to fears that a two-year chip boom may be losing steam.
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Nvidia sinks after cutting its guidance

Nvidia sinks after cutting its guidance

1 month ago   |   By Business Insider

Nvidia topped Wall Street's earnings expectations on Thursday but cut its third-quarter revenue forecast.
The chipmaker now expects third-quarter revenue to be around $3.25 billion where the Street had previously expected $3.34 billion.
Follow Nvidia's stock price in real-time here.
Shares of Nvidia fell 6% in after-hours trading Thursday following a guidance cut from the chipmaker despite posting second-quarter earnings that topped Wall Street's expectations.
Here are the key figures:
Earnings: $1.94 per share where analysts had expected $1.85.
Revenue: $3.12 billion where analysts had...
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Nvidia forecasts revenue below estimates on weak crypto demand

1 month ago   |   By Reuters

Nvidia Corp forecast third-quarter revenue below Wall Street estimates on Thursday, citing drying up demand in its cryptocurrency business, sending its shares down nearly 6 percent in extended trading.
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Applied Materials forecast current-quarter profit, revenue below estimates

1 month ago   |   By Reuters

Applied Materials Inc, the world's largest supplier of equipment used to make chips, forecast current-quarter profit and revenue below estimates on Thursday, sending its shares down 5 percent.
Read more ...

 

Applied Materials quarterly revenue jumps 19 percent

1 month ago   |   By Reuters

Applied Materials Inc, the world's largest supplier of equipment used to make chips, reported a 19.3 percent rise in quarterly revenue on Thursday as chipmakers ramped up spending to meet rising demand for memory from smartphone makers.
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