On September 10, Applied Materials fell 3.17% in pre-market trading, trading at 454.25 USD/share, with turnover of approximately $14.54 million. The decline came amid a broad selloff across the semiconductor equipment sector driven by multiple macro headwinds.

Rising U.S. Treasury yields, fueled by hawkish Federal Reserve commentary and elevated rate-hike expectations, weighed heavily on high-valuation growth stocks. Renewed Middle East tensions pushed oil prices higher, intensifying inflation concerns and triggering risk-off sentiment. These macro pressures cascaded into the semiconductor space, with the equipment segment hit particularly hard. Within the sector, ASML Holding fell 2.23%, Lam Research dropped 3.43%, KLA Corporation declined 3.24%, Teradyne lost 3.57%, and AXT Inc slid 4.95%.

Notably, Applied Materials CEO had earlier expressed optimism at a Goldman Sachs conference, calling 2027 a landmark year for the company and highlighting service business growth exceeding 20% annually with margin expansion of 180 basis points. Despite this positive outlook, the stock was unable to resist the sector-wide downdraft as institutional capital rotated out of high-beta technology names.

(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.)