Applied Materials is trading at $392.96, -6.70%, as semiconductor stocks remain under pressure while investors reassess AI-related spending and technology risk.
- Broader risk aversion intensified ahead of the September 16, 2026 Federal Reserve decision, with elevated Treasury yields and oil prices weighing on growth stocks.
- Applied Materials announced a positive ₹3,600 crore Karnataka investment, but available coverage does not identify it as the cause of the decline.