Applied Materials is trading at $68.80 (-11.23%) amid a broad semiconductor selloff, as investors worry tighter AI and data-center regulation could slow infrastructure projects and chip demand.
- No company-specific catalyst was reported.
- Weak Qualcomm handset-chip sales and guidance added pressure across chip stocks; broader market selling reinforced the decline.
- Supplied price context shows a sharp live-session drop; external reports confirm sector pressure but quote different prices, so those figures are not used here.