Applied Materials (AMAT) posted second quarter earnings per share of $2.09, coming in $0.10 above estimates, as well as revenue of $6.65 billion, topping the estimated $6.52 billion.

Yahoo Finance Hosts Josh Lipton and Julie Hyman and Futurum Chief Market Strategist Cory Johnson discuss the company's earnings and what they mean for the artificial intelligence race.

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This post was written by Melanie Riehl