Applied Materials stock edges up after 10‑Q flags $253 mln settlement charge as Nvidia looms
Applied Materials shares rose about 1% to $373.39 Friday after disclosing a $253 million legal settlement charge in its quarterly report. Revenue for the quarter fell 2% to $7.012 billion, with China accounting for 30% of sales. Traders are watching Nvidia’s results next week for signals on AI chip spending.