🔴 Applied Materials is trading 7.5% down today after AI slowdown concerns threaten chip-equipment demand

Applied Materials is trading 7.5% down now at $88.60 after a broad semiconductor sell-off tied to concerns that slower advanced-AI development could reduce future chip-equipment demand.

• The decline appears sector-driven rather than company-specific; coverage found no new Applied Materials announcement accompanying the weakness.
• Chip stocks broadly fell as investors reassessed AI infrastructure spending, while rising Treasury yields and rate-hike concerns added pressure to growth shares.