Applied Materials

Applied Materials and Kioxia have announced a collaboration to develop memory technology aimed at artificial intelligence applications. The partnership pairs the US semiconductor equipment maker with the Japanese flash memory producer as demand grows for advanced storage to support AI workloads. Further details on the scope and terms of the agreement were not provided in the initial report.

A new analysis asks whether Applied Materials still represents the company long-term investors originally bought, examining how the semiconductor equipment maker's business and outlook have shifted. The piece is prompting investors to reassess their thesis on the stock amid ongoing debate about chip industry demand and valuation.