Movement Alert｜Applied Materials Falls 3.85% in Regular Trading, Big Short Burry Shorting Combined with CEO Large-Scale Share Disposal

On July 2, Applied Materials fell 3.85% in regular trading, trading at 625.71 USD/share, with turnover of $1.416 billion, extending weakness following the prior session's 8.79% plunge.

On the news front, renowned hedge fund manager Michael Burry, the real-life figure behind The Big Short, publicly disclosed new short positions in Applied Materials, NVIDIA, Tesla, and the iShares Semiconductor ETF, arguing that AI-related stock rallies have become excessive. Burry noted the Philadelphia Semiconductor Index is trading approximately 65% above its 200-day moving average, a level last seen during the 2000 dot-com bubble. He characterized Korea's massive chip spending announcement as the beginning of the end.

Simultaneously, the latest Form 4 filing confirmed that CEO Gary Dickerson sold a cumulative 78,321 shares between June 29-30 at prices ranging from $700 to $736, totaling approximately $55 million in proceeds. The dual pressure of a high-profile short seller's bearish stance and significant insider selling continued to weigh on sentiment.

Within the Semiconductor Equipment sector, peers declined broadly: KLA-Tencor down 5.21%, Lam Research down 4.03%, Teradyne down 3.07%, ASML down 0.54%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)