Market Chatter: Applied Materials CEO Says AI Tools Will Limit Hiring as Revenue Grows

07:33 PM EDT, 10/12/2026 (MT Newswires) -- Applied Materials (AMAT) expects revenue to double over the next few years without a proportional increase in its workforce as it expands its use of artificial intelligence, Bloomberg reported Monday. The chip-equipment maker is deploying AI in product development and quality control, as well as helping customers improve semiconductor manufacturing yields and increase wafer throughput, according to the report. CEO Gary Dickerson said the company is continuing to hire in selected areas where AI-related productivity gains can reach about 50%. Dickerson also pointed to potential near-term constraints on AI infrastructure expansion, including financing, supply, energy and production-capacity shortfalls, while maintaining that the technology's growth will have a transformative long-term impact, Bloomberg reported. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)