Lates News

Overnight, the American stock market saw shares of the American semiconductor equipment manufacturing giant Applied Materials plummet more than 14%, with a single-day market value evaporating over $21.2 billion. Some analysts pointed out that in the latest financial report, Applied Materials gave disappointing sales and profit forecasts, sparking concerns among investors about its demand outlook. As a result, shares of American chip equipment manufacturers KLA Corp and Lam Research fell by 8.4% and 7.3% respectively.