Why Applied Materials Stock Is Sliding Today
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
