# US tech stocks swing amid AI demand > Live situation record from CLSTR: https://clstr.news/situations/us-tech-stocks-swing-amid-ai-demand > Updated: 2026-08-26T01:30:00.000Z. Sources: 60. Developments: 8. The semiconductor and AI infrastructure sectors continue to exhibit high volatility driven by massive demand for AI-related hardware. Applied Digital reported a significant revenue surge of 407% to nearly $260 million during its fourth quarter of fiscal year 2027. While the company remains unprofitable due to high capital requirements for data center construction and carries a debt-to-equity ratio of 2.88, it projects revenue growth of 37% in 2027 and 127% in fiscal year 2028 as new sites become operational. Intel’s second-quarter results underscored this trend, with revenue increasing 25% year-over-year to $16.1 billion. This was propelled by a 59% jump in its Data Center and AI division. However, Intel’s Foundry segment reported an operating loss of approximately $2.1 billion due to the high costs of competing with TSMC. Applied Materials reported record-breaking fiscal third-quarter results, with revenue rising 25% year-over-year to $9.1 billion and non-GAAP earnings per share reaching a record $3.50. Growth was driven by demand for AI infrastructure, particularly in leading-edge chipmaking, DRAM, and advanced packaging, with DRAM revenue growing 52% year-over-year. Despite strong fourth-quarter guidance, the stock fell approximately 5% to 6% in after-hours trading as analysts cited high market expectations and scrutiny regarding gross margins. In China, SMIC reported that AI-related demand continues to underpin orders, leading the company to implement price increases for its most sought-after capacity. Meanwhile, Sony Semiconductor Solutions and TSMC announced a joint venture in Japan to mass-produce next-generation image sensors starting in 2029. ## Claims - Applied Materials issued fourth-quarter revenue guidance of approximately $10.25 billion, with a $500 million margin of error. (disputed by 5 sources) - Applied Materials issued revenue guidance of $9.8 billion to $10.8 billion for the fourth quarter. (disputed by 2 sources) - Applied Materials reported third-quarter revenue of $9.12 billion, exceeding the $8.99 billion estimate. (corroborated by 12 sources) - Applied Materials third-quarter earnings per share were $3.50, surpassing the $3.40 consensus estimate. (corroborated by 11 sources) - SMIC's second-quarter revenue exceeded $3 billion for the first time. (corroborated by 9 sources) - SMIC's profit attributable to shareholders tripled to $479.2 million in the second quarter. (corroborated by 9 sources) - SMIC increased prices for its most in-demand capacity due to strong AI demand. (corroborated by 9 sources) - Applied Materials shares fell approximately 5% in extended trading despite beating estimates. (corroborated by 7 sources) - Applied Materials reported a net profit of $2.54 billion. (corroborated by 3 sources) - CFO Brice Hill expects strong revenue growth in the second half of the year, specifically in DRAM and advanced packaging. (corroborated by 2 sources) - Hon Hai reported Q2 revenue of 2.525894 trillion TWD, up 41% year-on-year. (corroborated by 2 sources) - Hon Hai's Q2 net profit reached 59.974 billion TWD, up 35% year-on-year. (corroborated by 2 sources) ## Timeline ### 2026-08-26: Applied Digital sees revenue surge amid AI data center boom Applied Digital is seeing massive revenue growth due to AI data center demand, though it remains unprofitable while scaling infrastructure. Analysts maintain a 'Moderate Buy' consensus. 2 sources. https://clstr.news/cluster/applied-digital-sees-revenue-surge-amid-ai-data-center-boom ### 2026-08-15: Applied Materials reports record revenue amid AI demand Applied Materials reported record fiscal third-quarter revenue of $9.1 billion, driven by AI demand, but shares fell in after-hours trading despite beating analyst estimates. 2 sources. https://clstr.news/cluster/applied-materials-reports-record-revenue-driven-by-ai-demand ### 2026-08-12: Semiconductor industry shifts as AI demand drives price hikes and new partnerships AI demand is reshaping the semiconductor landscape, driving price increases at SMIC, a Sony-TSMC joint venture in Japan, and significant market share growth for TSMC in the global foundry market. 54 sources. https://clstr.news/cluster/applied-materials-beats-quarterly-estimates-on-ai-chip-demand ### 2026-08-05: Intel posts strong AI‑driven revenue growth while its foundry unit records large losses Intel’s Q2 revenue rose 25% to $16.1 bn, driven by AI sales, but its Foundry unit logged a $2.1 bn loss as it pushes the 18A process. 4 sources. https://clstr.news/cluster/applied-digital-corp-shares-dip-after-cfo-sells-26-million-of-stock ### 2026-07-31: Applied Digital posts 407% revenue jump and aims for $1 billion NOI run rate Applied Digital’s revenue surged 407% to $258.7 M, driven by AI‑focused HPC work and CoreWeave contracts, and it targets a $1 billion NOI run rate within a year. 5 sources. https://clstr.news/cluster/applied-digital-reports-400-revenue-jump-as-ai-datacenter-landlord-expands ### 2026-07-26: Applied Digital reports quarterly earnings miss and shares fall Applied Digital posted a $0.39 EPS loss, missing estimates, and its shares fell to $26.38. Analysts forecast strong revenue growth but maintain mixed price targets. 3 sources. https://clstr.news/cluster/applied-digital-reports-quarterly-earnings-miss-and-shares-fall ### 2026-07-16: Applied Digital Corp Schedules 2026 Earnings Call as Shares Fall 2.5% Applied Digital scheduled its 2026 Q4 and full‑year earnings call for July 27, while its shares slipped 2.5% to $25.79 amid mixed analyst ratings and a $70.56 price target. 3 sources. https://clstr.news/cluster/applied-digital-corp-schedules-2026-earnings-call-as-shares-fall-25 ### 2026-06-30: Applied Materials shares tumble 10% after earlier 4% rally Applied Materials stock jumped 4% on AI‑related optimism before falling 10% amid valuation concerns, despite earnings beat of $2.86 EPS on $7.9 B revenue. 2 sources. https://clstr.news/cluster/institutional-investors-adjust-stakes-in-applied-materials-and-teradyne --- Cite as: US tech stocks swing amid AI demand. CLSTR, https://clstr.news/situations/us-tech-stocks-swing-amid-ai-demand