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Benzinga
Benzinga
Business
Henry Khederian

Why Applied Materials Shares Are Diving Today

Applied Materials AMAT

Shares of several companies in the broader tech & semiconductor sectors, including Applied Materials, Inc. (NASDAQ:AMAT), are trading lower amid overall market weakness as stocks fall following weak retail earnings this week. Anticipation of further Federal Reserve policy tightening has continued to weigh on stocks across sectors.

Applied Materials shares also saw weakness last week and were trading lower amid continued volatility as investors digest the latest U.S. inflation data, which came in higher-than-expected.

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