Ac t i o n | CITI'S TAKE AMAT reported beat-and-raise results, driven by strengthened AI-driven demand and continued customer capacity expansion plans. Management now expects Semi revenue growth in CY26 to exceed prior 30%+ outlook, with leading edge F/L, DRAM, and advanced packaging to drive 80% of total growth in both CY26 and CY27. AGS is expected to grow 20%+ Y/Y this year and remains in the mid-teens long term, and management also highlighted improving ICAPS driven by power semis and photonics. While O ...