Major bearish news! Semiconductor giant suddenly plummets!

In the overnight U.S. stock market, American semiconductor equipment manufacturing giant Applied Materials saw its stock price plummet by more than 14%, resulting in a market value evaporating by over $21.2 billion in a single day. Some analysts pointed out that in the latest disclosed financial report, Applied Materials provided disappointing sales and profit forecasts, sparking concerns among investors about its demand prospects. As a result, U.S. chip equipment manufacturers KLA Corp and Lam Research's stock prices also fell by 8.4% and 7.3% respectively.