Applied Materials Inc is trading 3.7% down at $483.08 amid a sharp pullback in semiconductor and broader tech names linked to Broadcom-driven sector weakness.
- Investors are rotating out of high-valuation chip stocks ahead of the U.S. jobs report, putting the entire semiconductor complex under pressure.
- The downward move reflects broader industry sentiment and softer Nasdaq futures rather than any new, company-specific headlines for Applied Materials.