What Happened
Semiconductor Giant Posts Record Quarter And Partnerships
Applied Materials, Inc. has seen its stock rise amid strong financials, with a 0.32% increase in the price of its shares. The company operates in the semiconductor systems and applied global services segments, and has announced several partnerships and investments in recent months. Total revenue increased 4.39% since last year and 12.81% since last quarter, while net income held flat since last year and increased 38.5% since last quarter. The company’s market capitalization is $357.03 billion, placing it in the mega-capitalization category. This information was reported by various sources, including CNN.