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Applied Materials' Q4 results and Q1 guidance both exceeded expectations, but the 'AI tailwind' could not mask the potential revenue loss of $600 million by 2026 due to export restrictions to China.
Applied Materials reported better-than-expected results for the fourth quarter of fiscal year 2025 and provided an upbeat revenue guidance for the first quarter of fiscal year 2026, indicating that demand for equipment used in AI chip production may offset weakness in some parts of the industry.
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