Why Applied Materials Stock Is Sliding Today
Applied Materials(AMAT) The Motley Fool·2024-11-15 16:51Shares of Applied Materials (AMAT -8.57%), the nation's biggest manufacturer of semiconductor equipment, dropped today after it offered disappointing guidance in its fourth-quarter earnings report due to weakness in China.The news had a similar effect on others in semiconductor manufacturing, including ASML, showing headwinds across the broad industry.As of 10:41 a.m. ET, the stock was down 8.5%. Still waiting for the cycle to turnApplied Materials, which makes a wide range of products used in semiconductor ...