Applied Materials shares slide as chip equipment outlook remains uncertain
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Applied Materials shares fell sharply Tuesday after the semiconductor equipment maker declined to provide an industry spending forecast at its investor day, leaving investors to weigh its bullish artificial intelligence outlook against uncertainty over the pace…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishRefusal to provide industry spending forecast triggered sharp selloff across semiconductor equipment sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Applied Materials declined to provide industry spending forecast at investor day, causing 7.5% drop to $461.50.
- 02Stock recorded steepest intraday selloff since July 28, with low of $452.81.
- 03Weakness extended across sector: KLA and Lam Research fell ~4%, ASML declined 3%.
- 04Uncertainty over pace of new chipmaking capacity expansion weighed on outlook.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Applied Materials, Inc.457.07 USD-0.85%today -8.13%Negative KLA Corporation182.96 USD+0.10%today -3.77%Negative Lam Research Corporation296.79 USD+0.03%today -4.13%Negative ASML Holding N.V.1,701.08 USD+0.23%today -2.81%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets