On October 16, Applied Materials fell 3.1% in Regular Trading, trading at $416.43 per share, with turnover of $866 million.
The move followed continued market digestion of the company’s recently announced 2025-2030 targets, including gaining more than 2 percentage points of wafer fab equipment market share, adjusted gross margin of 54%, and adjusted operating margin of 40%, while the broader Semiconductor Equipment group remained under pressure.
Recent reports said investors viewed the margin outlook as conservative even though Applied Materials is positioned to benefit from AI-driven demand in advanced logic, DRAM, HBM, and advanced packaging. The company has also highlighted service revenue growth of more than 20% in calendar 2026 and a path to exceed $12 billion by 2030, but recent trading in peers such as Lam Research, KLA, and Teradyne indicates sector-wide weakness has continued to weigh on sentiment.
(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.)
