Applied Materials is trading 11.83% down at $93.90 amid broader semiconductor-sector weakness tied to competition concerns over reports of Chinese memory-chip maker CXMT’s technology progress and renewed jitters about AI spending.

  • The company unveiled its $5 billion EPIC Center on October 12.
  • One market report described a “sell the news” reaction and flagged supply-chain concerns; available evidence does not establish that these company-specific factors explain the full decline.