🔴 Applied Materials Inc is trading 5.1% down today as Broadcom's decline and strong jobs data pressure AI-linked chip stocks

Applied Materials Inc is trading 5.1% down at $476.20 as part of a broader semiconductor and tech sell-off sparked by Broadcom’s post-earnings decline and cooling AI optimism.

• A stronger-than-expected U.S. jobs report has pressured high-valuation growth and AI-linked chip names as investors reassess interest rate-cut odds.
• The move reflects a broader shift in risk appetite across the Nasdaq following the recent surge in AI-driven valuations.