Applied Materials Jumps Most in Seven Years on Sales Outlook

Updated on
  • Orders for flash-memory systems surged in second quarter
  • New mobile display technology drives demand for machinery

The Driving Force Behind Applied Materials' Surge

Applied Materials Inc., the biggest maker of machinery used to manufacture semiconductors, jumped the most in more than seven years after the company forecast third-quarter sales that may beat analysts’ estimates, buoyed by a surge in demand from chipmakers upgrading production technology.

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