🔴 Applied Materials is trading 6.2% down today as investors pull back from AI and semiconductor equipment names

Applied Materials is trading 6.2% down at $117.25 as investors continue to pull back from richly valued AI and semiconductor equipment names.

• The move extends recent weakness after the stock fell 3.4% in the prior session.
• Investors are reassessing elevated AI chip valuations amid a broader semiconductor selloff.
• The decline suggests ongoing profit-taking and valuation concerns rather than a new company-specific catalyst.