Applied Materials, Inc. is trading 3.4% down at $101.00 as investors take profits in AI and semiconductor names following a sharp reversal from recent highs.

  • The decline follows a sector-wide sell-off triggered by Broadcom’s post-earnings drop and a broader rotation out of growth and AI infrastructure stocks.
  • Leading chip-equipment manufacturers are facing downward pressure despite no new, company-specific headlines for Applied Materials today.