Reported about 14 hours ago
Shares of Applied Materials fell by about 12% after the company reported disappointing sales and profit forecasts, raising concerns over declining demand linked to the U.S.-China trade dispute. The firm indicated increased uncertainty regarding the semiconductor industry's performance, largely influenced by ongoing geopolitical tensions and U.S. export restrictions affecting China, which represents a significant portion of its revenue. Despite a year-on-year revenue increase, the company's future outlook is less optimistic compared to analyst expectations.
Source: YAHOO