On September 10, Applied Materials fell 3.02% in regular trading, trading at $453.0/share, with turnover of $258 million. The semiconductor equipment sector faced broad-based selling pressure, with the decline coming despite the CEO's optimistic remarks at a Goldman Sachs conference earlier in the day.

At the conference, Applied Materials' CEO projected that 2027 would be a \"brilliant year\" for the company and forecast sustained strong growth beyond that. The CEO also disclosed that the company's services business is expanding at over 20% annually, with margins climbing 180 basis points. However, these bullish comments failed to offset sector-wide selling pressure, as peers ASML fell 2.43%, Lam Research dropped 4.69%, KLA declined 4.04%, Teradyne lost 4.13%, and AXT Inc slid 4.73%.

The stock has exhibited a persistent \"sell the news\" pattern since reporting fiscal Q3 results in mid-August, when revenue rose 25% year over year to $9.12 billion and adjusted EPS of $3.50 both topped consensus estimates. Multiple analysts maintain buy ratings with a mean price target of approximately $658, suggesting the current pullback reflects elevated market expectations rather than fundamental deterioration.

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