Applied Materials posts record $10.41B revenue as AI chip demand drives growth

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

The total money a company earns from selling goods or services before any costs are subtracted.

Revenue growth shows demand for a company's products; profit shows whether it earns money from them.

A material, usually silicon, used to make the chips that process and store information in electronic devices.

Chips power everything from phones to cars, so their supply has become a strategic issue for governments.

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.