Applied Materials Inc. Stock Slips 4.8%, Underperforms Peers

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

Shares of Applied Materials Inc. slid 4.8% to $409.29 on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.1% to 7,659.44 and Dow Jones Industrial Average falling 0.3% to 52,002.41.

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

Applied Materials Inc. closed 44.7% below its 52-week high of $739.67, which the company reached on June 30th.

The stock demonstrated a mixed performance when compared to some of its peers, as Broadcom Inc. fell 4.5% to $328.75, Qualcomm Inc. fell 3.5% to $172.11, and Advanced Micro Devices Inc. fell 5.95% to $528.75.

Trading volume totaled 8.5 million, compared to the 50-day average of 6.8 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 16, 2026 16:35 ET (20:35 GMT)