Applied Materials' shares fell sharply in premarket trading on Friday, dropping more than 7%, after the chip equipment maker warned that stricter US export controls would curb spending in China next y... ...

Core Viewpoint - Applied Materials shares fell by 5% prior to market opening on Friday due to a forecast indicating reduced spending in China next year, attributed to stringent U.S. export restrictions [1] Group 1 - The company is a chip equipment maker facing challenges in the Chinese market [1] - The forecasted reduction in spending is a direct consequence of U.S. export curbs [1]