The semiconductor industry experienced a broad sell-off, with shares of major U.S. equipment makers, including Applied Materials, falling significantly. This downturn followed a disappointing third-quarter earnings report and a lowered 2025 outlook from Dutch chip equipment maker ASML Holding N.V.
ASML reported net bookings of 2.6 billion euros for the third quarter, which was less than half of what Wall Street analysts had anticipated. The company's trimmed guidance signaled weakness in the sector, raising concerns among investors.
Applied Materials' stock slid between 13% and 18% over two days in response to the broader market reaction. This event highlights the interconnectedness of the semiconductor equipment industry and the impact of a key player's performance on its peers.
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