Applied Materials Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Applied Materials Inc. (AMAT) fell 1.15% to $256.99 on Wednesday, marking its second consecutive day of losses amid a broader market decline, with the S&P 500 down 0.74% and the Dow Jones down 0.63%. The stock is now 6.92% below its 52-week high of $276.10. Compared to competitors, Broadcom, Qualcomm, and AMD also experienced declines. Trading volume was significantly below the 50-day average.
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