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Applied Materials Reports Q4 Beat, Faces DOJ Probe and Forecasts Q1 Revenue Above Estimates
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Overview
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Applied Materials reports Q4 results that beat estimates but is under investigation by the Justice Department for potentially violating export restrictions to China. The company forecasts first-quarter revenue above estimates due to a recovery in the personal computer market and rising demand for artificial intelligence tools.
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How might the DOJ probe impact Applied Materials' operations and financial position?
How might the recovery in the personal computer market and rising demand for AI tools affect Applied Materials' future revenue?
What are the potential consequences for Applied Materials if found guilty of violating export restrictions?
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