Applied Materials is trading at $91.10, down 3.80%, as a broader semiconductor-equipment selloff weighs on shares amid concerns about AI infrastructure financing and higher interest rates.
- Hotter-than-expected U.S. inflation has strengthened rate-hike concerns, adding pressure to chip stocks.
- Investor concerns linger after the October 13 investor day offered no specific wafer-fabrication-equipment spending forecast; this is background, not a confirmed new catalyst for October 16.
- Trading volume was not provided.