🔴 Applied Materials is trading 8.5% down today as Lam Research outlook flags supply-chain constraints

Applied Materials is trading at $79.40, down 8.53%, as supply-chain concerns across the chip-equipment sector weigh on shares.

• Lam Research’s outlook highlighted constraints that could limit equipment makers’ output, weighing on Applied Materials and other peers.
• Broader concerns about AI spending and technology-market weakness added pressure; available reports identify no fresh Applied Materials-specific catalyst for October 23.
• No volume or trading-activity data was provided.