
Applied Materials Inc. Stock Underperforms Tuesday When Compared To Competitors

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Shares of Applied Materials Inc. (AMAT) fell 1.17% to $259.97 on Tuesday, ending a seven-day winning streak amid a broader market decline. The S&P 500 Index decreased by 0.14%, and the Dow Jones Industrial Average dropped by 0.20%. AMAT's stock closed 5.84% below its 52-week high of $276.10. In contrast, competitors like Broadcom Inc. and Qualcomm Inc. saw slight gains, while Advanced Micro Devices Inc. experienced a minor decline. Trading volume was significantly below the 50-day average.
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