Applied Materials reported its earnings and gave an upbeat fourth-quarter revenue outlook. Meanwhile, shares of Chinese semiconductor giant SMIC surged, while U.S. stock futures were mostly flat. Rising demand for AI-related products has drawn market attention.
U.S. major stock index futures have remained mostly flat. In its earnings release, Applied Materials gave an upbeat fourth-quarter revenue outlook. Growing demand for AI chip manufacturing equipment is attracting market attention.
Meanwhile, shares of Chinese contract semiconductor manufacturer SMIC surged, driving market activity.