Operator Welcome to the Applied Materials fourth quarter fiscal 2024 earnings conference call. During the prepared remarks, all participants will be in a listen-only mode. Afterwards, there will be a question-and-answer session.

Applied Materials (AMAT) just delivered strong fourth-quarter (Q4) results that beat Wall Street's expectations. However, the stock has come under pressure due to the company’s cautious guidance for the first quarter of fiscal 2025.

Applied Materials, the biggest U.S. chip-equipment maker, is a key player in the AI and broader semiconductor space.