On August 28, Applied Materials fell 3.09% in regular trading, trading at $467.46/share, with turnover of $856 million.

On the news front, growing market skepticism over the sustainability of AI capital expenditure, combined with the 30-year US Treasury yield surging to 5.31% — a new high — pressured high-valuation technology stocks broadly. Mizuho recently lowered its price target on both Applied Materials and Lam Research, adding to bearish sentiment. Additionally, company officer Brice Hill filed a Form 144 statement to sell 10,000 restricted shares valued at approximately $3.59 million. The options market has also seen multiple directional bearish bets in recent sessions, including a $2.18 million bear put spread, indicating institutional funds are actively positioning for further downside.

Within the Semiconductor Equipment sector, the overall sector declined. Among individual stocks, ASML Holding NV down 0.98%, Lam Research down 2.96%, KLA Corporation down 3.11%, Teradyne down 4.11%, AXT Inc down 8.73%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)