On August 6, Applied Materials declined 3.17% in regular trading, trading at approximately $525.55 per share, with turnover of $286 million.
On the news front, storage chip leader SanDisk released earnings showing strong revenue and profit growth, but its next-quarter guidance fell short of market expectations, triggering broad weakness across the semiconductor sector. SK Hynix saw intraday losses exceeding 5%, while the semiconductor equipment sector came under collective pressure. Applied Materials is scheduled to report its fiscal third-quarter results on August 13, with consensus EPS expectations at $3.36.
Within the Semiconductor Equipment sector, performance was mixed. Among individual stocks, ASML Holding NV up 1.79%, AXT Inc up 2.62%, KLA Corporation down 0.62%, Lam Research down 1.32%, MKS Instruments down 4.55%. The near-term uncertainty ahead of earnings, combined with sector-wide sentiment headwinds from SanDisk's soft guidance, contributed to downward pressure on the stock.
(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.)
