Applied Materials: The AI Semiconductor Boom Leads to Record Revenue and the Highest Margin in 25 Years

Record quarter with historic profitability: Highest gross margin in over 25 years due to strong pricing power and focus on high-margin AI technologies. Order security until 2028: Customers are planning with rolling 8-quarter forecasts. Jefferies raises the price target to $510 (Buy). Strategic expansion of the EPIC Center: TSMC becomes a partner in the $5 billion facility and raises the semiconductor market forecast from $1 trillion to $1.5 trillion by 2030.   Applied Materials (AMAT) is regarded as a global leader in manufacturing...