On July 13, Applied Materials fell 3.82% in regular trading, trading at approximately $576.06 per share, with turnover of $314 million.

On the news front, the stock previously surged nearly 9% in a single session after Goldman Sachs, Morgan Stanley, Mizuho, and Stifel collectively raised their target prices to around $650, while CEO Gary Dickerson signaled strong long-term visibility into chip equipment demand extending beyond 2027. However, the sector has since entered a profit-taking phase as concerns over AI chip demand sustainability persist and renowned short-seller Michael Burry's bearish positioning across the AI supply chain — covering memory chips, semiconductor equipment, and AI GPUs — continues to weigh on sentiment.

Within the Semiconductor Equipment sector, the overall sector declined broadly. Among individual stocks, AXT Inc down 7.01%, Lam Research down 5.18%, KLA-Tencor down 4.31%, Teradyne down 3.84%, ASML Holding down 2.68%.

(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.)