Applied Materials' fiscal fourth quarter revenue grew 53% year over year to $10.41 billion, the Wall Street Journal reports. The company's net profit increased to $2.72 billion compared to $1.9 billion the previous year. The increase in indicators is due to high demand for semiconductor services against the background of the development of artificial intelligence technologies. In the first quarter of the new fiscal year, the manufacturer expects revenues to reach $11.1 billion.