Applied Materials Inc. Stock Slides 7.5%, Underperforms Market
Dow Jones2026/10/30 20:34This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Applied Materials Inc. shed 7.5% to $390.09 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.8% to 7,580.07 and Dow Jones Industrial Average falling 1.1% to 51,770.31.
The stock's fall snapped a five-day winning streak.
Applied Materials Inc. closed 47.3% short of its 52-week high of $739.67, which the company achieved on June 30th.
The stock demonstrated a mixed performance when compared to some of its peers, as Broadcom Inc. fell 5.5% to $326.08, Qualcomm Inc. fell 11.1% to $164.79, and Advanced Micro Devices Inc. fell 10.88% to $504.80.
Trading volume totaled 10.2 million, compared to the 50-day average of 6.6 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
October 30, 2026 16:34 ET (20:34 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jim Cramer: Nasdaq tech stock sell-off may not be over, faces three major risks this week
Market value evaporates by 23.6 billions USD, can AMD (AMD.US) earnings report end the bear market?
AMD's market value has shrunk from $1.06 trillion to $824 billion, dragged down by controversy over cyclical investment models and an industry-wide selloff. Although analysts expect revenue of $13 billion for the September quarter, bearish sentiment is strong in the options market, technical support levels have been breached, and the stock price faces further downside risk following the earnings release.
Shopify (SHOP.US) on the Eve of Earnings: Can the AI Monetization Logic Hedge against Valuation Correction?
Shopify's share price has retreated 13% from its yearly high, but Q2 revenue surged by 33.6% year-on-year. As its collaboration with Meta Muse deepens, the market is focusing on its AI monetization capabilities and whether it can meet the Q3 revenue expectation of $3.74 billions.
Crypto prices
More
