Applied Materials reports Q3 revenue up 25% YoY to $9.12B, vs. $8.99B est., net income up 43% to $2.54B, and forecasts Q4 revenue above estimates
THE SO WHAT
Equipment makers printing 25%+ top-line and 43% profit growth on AI demand means the capex wave into advanced nodes is still accelerating, not peaking. If you're betting on cheaper or more available leading-edge capacity in the near term, revisit your timelines and pricing assumptions.
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