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Why Applied Materials Stock Is Sliding Today

TheMotleyFool

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Why Applied Materials Stock Is Sliding TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Shares of Applied Materials (NASDAQ: AMAT), the nation's biggest manufacturer of semiconductor equipment, dropped today after it offered disappointing guidance in its fourth-quarter earnings report due to weakness in China.

The news had a similar effect on others in semiconductor manufacturing, including ASML, showing headwinds across the broad industry.

As of 10:41 a.m. ET, the stock was down 8.5%.

Source Fool.com

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