According to CoinMeta, Applied Materials Corporation ( AMAT ) achieved significant growth in profits and sales during the fourth fiscal quarter, thanks to the demand for artificial intelligence-driven semiconductors. The company's profit for the fourth fiscal quarter was $2.72 billion, or $3.40 per share, compared to $1.90 billion, or $2.38 per share, in the same period last year. Excluding certain one-time items, the adjusted earnings per share were $4.16, higher than analysts' previous forecast of $4.06. Revenue grew by 53% to $10.41 billion, exceeding analysts' prediction of $10.3 billion. Gary Dickson, CEO of Applied Materials, stated that the company's semiconductor systems business is expected to grow by more than 40% this year. In the most recent quarter, sales in this business segment surged by 64% to nearly $8 billion. For the first quarter of the new fiscal year, Applied Materials expects revenue to reach $11.1 billion (with a range of plus or minus $500 million), and adjusted earnings per share are expected to be $4.35 (with a range of plus or minus 20 cents).