Why Applied Materials Stock Is Falling
Portfolio Pulse from Henry Khederian
Applied Materials, Inc. (NASDAQ:AMAT) shares dropped by 3.7% due to tech sector weakness, rate hike concerns, and China's iPhone crackdown. China's move to ban iPhones in certain sectors could disrupt the supply chain for companies like Apple and other semiconductor manufacturers, potentially leading to delays or reductions in orders for semiconductor manufacturing equipment, including those provided by Applied Materials.
September 07, 2023 | 6:21 pm
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Applied Materials' stock price dropped due to tech sector weakness and China's iPhone crackdown, which could disrupt the supply chain and lead to order reductions.
The drop in Applied Materials' stock price is directly linked to the tech sector weakness and China's iPhone crackdown. If China bans iPhones in certain sectors, it could disrupt the supply chain for companies like Apple and other semiconductor manufacturers, leading to potential delays or reductions in orders for semiconductor manufacturing equipment, including those provided by Applied Materials.
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