On July 13, Applied Materials declined 3.08% overnight, trading at 581.1 USD/share, with turnover of $13.19 million.

The decline reflects a continued pullback across the semiconductor equipment sector following a sharp rally earlier in the week. Applied Materials had previously surged nearly 9% in a single session after multiple major banks — including Morgan Stanley, Goldman Sachs, Mizuho, and Stifel — raised their price targets to approximately $647–$650, while CEO Gary Dickerson signaled strong long-term visibility into chip equipment demand extending well beyond 2027. However, persistent market concerns over the sustainability of AI chip demand and the lingering impact of noted short-seller Michael Burry's public bearish bet on semiconductor stocks have continued to weigh on the sector, triggering profit-taking.

Within the Semiconductor Equipment sector, the overall sector remained under pressure. Among individual stocks, Lam Research down 3.52%, AXT Inc down 3.86%, KLA-Tencor down 3.16%, Teradyne down 2.95%, ASML Holding NV down 1.51%.

(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.)