Applied Materials is trading 3.32% lower at $448.84, extending its multiday slide as investor concerns over reported CXMT advances and AI-spending risks pressure semiconductor shares.
- Shares fell 6.69% on October 13 after the investor-day presentation gave no forecast for industry wafer-fab-equipment spending, leaving investors uncertain about demand.
- Hotter-than-expected core inflation on October 14 lifted Treasury yields and pressured technology stocks; semiconductor weakness was already continuing into the session.