Applied Materials Inc. Stock Falls 8.2%, Underperforms Peers
Dow Jones2026/10/22 20:34This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Applied Materials Inc. slipped 8.2% to $375.58 on what proved to be an all-around dismal trading session for the stock market, with the Dow Jones Industrial Average remaining mostly unchanged at 52,867.98 and the S&P 500 Index falling 1.2% to 7,663.43.
Applied Materials Inc. closed 49.2% below its 52-week high of $739.67, which the company reached on June 30th.
The stock underperformed when compared to some of its peers, as Broadcom Inc. fell 4.3% to $323.24, Qualcomm Inc. fell 2.9% to $172.83, and Advanced Micro Devices Inc. fell 8.10% to $507.93.
Trading volume totaled 12.9 million, compared to the 50-day average of 6.9 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
October 22, 2026 16:34 ET (20:34 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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