On October 20, Applied Materials fell 3.12% in Regular Trading, trading at $399.76 per share, with turnover of $322 million.
The most direct driver behind the move was renewed weakness across the semiconductor equipment group. Peer stocks also moved lower, with ASML Holding NV falling 1.89%, Lam Research falling 4.03%, KLA Corporation falling 3.68%, AXT Inc falling 8.4%, and Teradyne falling 3.79%, underscoring clear sector linkage.
Earlier, the company outlined long-term targets through 2030, including gaining more than two percentage points of wafer fab equipment market share, adjusted gross margin of 54%, and adjusted operating margin of 40%. Market commentary had viewed the margin targets as conservative, and that longer-term framework did not offset near-term selling pressure as sector sentiment weakened again.
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