Applied Materials Inc. Stock Falls 13.6%, Underperforms Peers
Dow Jones2026/11/05 21:34This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Applied Materials Inc. plunged 13.6% to $319.25 on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 4.4% to 7,353.73 and Dow Jones Industrial Average falling 3.4% to 51,523.06.
This was the stock's second consecutive day of losses.
Applied Materials Inc. closed 56.8% below its 52-week high of $739.67, which the company achieved on June 30th.
The stock demonstrated a mixed performance when compared to some of its peers, as Broadcom Inc. fell 10.4% to $291.53, Qualcomm Inc. fell 9.5% to $156.75, and Advanced Micro Devices Inc. fell 17.26% to $404.40.
Trading volume totaled 16.9 million, compared to the 50-day average of 6.7 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
November 05, 2026 16:34 ET (21:34 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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