Applied Materials Sees Another Record Year in 2027

November 13, 2026 Lekha Gupta

Summary

Applied Materials posted strong fourth-quarter results amid booming demand for artificial intelligence infrastructure and advanced chips. The semiconductor equipment manufacturer projects that global cloud capital expenditures will surpass one trillion dollars by 2027.

Applied Materials, Inc. (NASDAQ:AMAT) stock traded mostly flat in Friday’s premarket session after the semiconductor equipment maker reported strong fourth-quarter results and highlighted surging artificial intelligence demand. Applied Materials expects global cloud capital spending to surge more than 50% in 2027, exceeding $1 trillion. Management said the rapid expansion of AI infrastructure is fueling demand for advanced chips and semiconductor…

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