Applied Materials, Inc. shares fell by 3.8% in morning trading following a growth warning from its European peer, ASML Holding N.V. ASML reported its second-quarter earnings and stated it 'cannot confirm' growth in 2026, attributing the uncertainty to U.S. tariff policies.
ASML's stock tumbled 11% on the news, signaling broader concerns within the semiconductor equipment industry regarding the impact of geopolitical tensions and trade restrictions. This development suggests that tariffs are significantly affecting future growth outlooks for key players.
The decline in Applied Materials' stock reflects investor apprehension about the potential for similar headwinds to impact its own long-term growth trajectory. The uncertainty surrounding U.S. tariff policies continues to be a critical factor influencing the semiconductor sector.
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