Applied Materials Inc. Stock Slips 8.4%, Underperforms Peers

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Applied Materials Inc. slipped 8.4% to $436.45 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.5% to 7,316.15 and Dow Jones Industrial Average falling 2.2% to 51,594.14.

This was the stock's fourth consecutive day of losses.

Applied Materials Inc. closed 41.0% 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 2.8% to $370.32, Qualcomm Inc. fell 4.4% to $155.68, and Advanced Micro Devices Inc. fell 5.51% to $429.56.

Trading volume totaled 10.1 million, compared to the 50-day average of 10.0 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

July 29, 2026 16:33 ET (20:33 GMT)