U.S.-China trade talks could ease tariff pressures, putting semiconductor, technology, retail and auto ETFs in focus as investors assess the potential impact on China-exposed companies.
SANTA CLARA, Calif., Sept. 21, 2026 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that members of its executive leadership team will participate in an Investor Breakfast Presentation during SEMICON West on Tuesday, Oct. 13, 2026.
Applied Materials is a leading provider of engineering solutions for the global semiconductor industry. Nvidia continues to dominate the artificial intelligence infrastructure market with massive revenue growth and high net margins.
Revenue growth is accelerating, with the good times forecasted to last several years.
Nvidia grew revenue 106% year over year to $96.2 billion in its latest quarter, and management is forecasting about 70% revenue growth in fiscal 2028. Broadcom says it has already secured the manufacturing supply to double its AI chip revenue to about $115 billion next fiscal year.
Broadcom currently demonstrates higher revenue totals and a faster pace of year-over-year expansion compared to Applied Materials across recently reported financial periods. Broadcom recorded continuous quarter-over-quarter revenue increases throughout the entire eight-quarter charting period, whereas Applied Materials experienced alternating cycles of sequential declines and advances before establishing a more recent upward trajectory.
Intel consistently generated higher total revenue throughout the entire observed timeline, although Applied Materials displayed a visibly steeper upward pattern recently. Intel maintained a relatively flat quarter-over-quarter revenue baseline across the first six periods before a recent spike, while Applied Materials navigated an intermittent dip followed by three consecutive quarter-over-quarter upward movements.
Chip equipment stocks are pulling ahead of the broader semiconductor group in Friday morning trading, with buying concentrated in the tools layer rather than across chip designers and foundries.
Applied Materials is a market leader in providing the engineering equipment and services essential for advanced semiconductor manufacturing. Marvell Technology is experiencing rapid growth by providing high-speed networking and custom silicon solutions for the artificial intelligence infrastructure market.
As part of its record-breaking IPO, we acquired shares in Space Exploration Technologies Corp. We initiated a position in Advanced Micro Devices, Inc. during the second quarter. We trimmed our position in NVIDIA Corporation, which had grown to represent an outsized share of the Fund.