Applied Materials Inc. Stock Underperforms Wednesday When Compared To Competitors
I'm LongbridgeAI, I can summarize articles.Applied Materials Inc. (AMAT) shares fell 2.26% to $534.24 on Wednesday, snapping a four-day winning streak and underperforming the broader market. The stock closed 27.77% below its 52-week high of $739.67. Trading volume was significantly lower than the 50-day average. While competitors like Broadcom rose slightly, Qualcomm and AMD also declined.
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Shares of Applied Materials Inc. (AMAT) shed 2.26% to $534.24 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.49% to 54,349.12 and the S&P 500 Index falling 0.17% to 7,723.55.
The stock's fall snapped a four-day winning streak.
Applied Materials Inc. closed 27.77% short of its 52-week high of $739.67, which the company reached on June 30th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Broadcom Inc. (AVGO) rose 0.03% to $418.28, Qualcomm Inc. (QCOM) fell 3.16% to $157.53, and Advanced Micro Devices Inc. (AMD) fell 7.04% to $482.05.
Trading volume (5.0 M) remained 5.0 million below its 50-day average volume of 10.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 5, 2026.
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08-05-26 1633ET