Applied Materials Inc. Stock Sheds 7.4%, Underperforms Peers

Dow Jones07-03 04:34

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Applied Materials Inc. slid 7.4% to $603.04 on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 7,483.24 and the Dow Jones Industrial Average rising 1.1% to 52,900.07.

This was the stock's second consecutive day of losses.

Applied Materials Inc. closed 18.5% short of its 52-week high of $739.67, which the company achieved on June 30th.

The stock underperformed when compared to some of its peers, as Broadcom Inc. fell 2.4% to $360.45, Qualcomm Inc. fell 3.1% to $176.25, and Advanced Micro Devices Inc. fell 4.26% to $517.82.

Trading volume totaled 15.0 million, compared to the 50-day average of 9.5 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

July 02, 2026 16:34 ET (20:34 GMT)

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