Applied Materials is trading at $430.05, down 3.71%, as hotter-than-expected U.S. inflation and concerns that interest rates may stay higher pressure semiconductor shares.
- Reuters reported that the Nasdaq and semiconductor stocks extended losses amid rate concerns.
- Sector pressure is also amplified by concerns about Chinese chip competition and AI spending.
- No new company-specific catalyst was identified for October 15; available context points primarily to macroeconomic and semiconductor-sector headwinds.