Applied Materials Stock Slides On Q2 Earnings Miss, Muted Chip Sector Outlook

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By Martin Baccardax “Demand for semiconductors has never been stronger or broader while the industry’s ability to fulfill this growing demand remains constrained by ongoing supply chain issues,” said CEO Gary Dickerson. Applied Materials (AMAT) – Get Applied Materials, Inc. Report shares moved lower in pre-market trading after the semiconductor equipment maker posted softer-than-expected second quarter earnings a muted near-term outlook. A global shortage in semiconductor parts has gummed-up chipmaking supply chains and hampered Applied Material’s ability to meet customer demand, CEO Gary Dick…

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