219.05
price down icon1.03%   -2.27
after-market  After Hours:  219.05 
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Why is Applied Materials Inc. (AMAT) Stock down?

We've noticed a 5.23% decline in Applied Materials Inc. (AMAT) stock during the 2024-02-20 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
17 Nov, 2023:

Shares of Applied Materials (AMAT) dropped by 4.02% from $154.81 to $148.59 in the trading on Friday, Novemeber 17, 2023. The reason why AMAT is down today is due to the DOJ criminal probe. Despite the positive quarterly results, reports emerged of a new criminal investigation by the U.S. Department of Justice (DOJ) involving Applied Materials. The DOJ is reportedly investigating Applied Materials for potentially evading export restrictions related to its dealings with China-based chipmaker SMIC. Specifically, it is suspected that Applied Materials may have sent millions of dollars worth of equipment to SMIC through South Korea without the required export licenses. Such actions, if proven, would be in violation of U.S. sanctions implemented to restrict the transfer of U.S. technology that could be used for China's military and intelligence purposes.

16 Nov, 2023:

Shares of Applied Materials (AMAT) dropped by 4.02% from $154.81 to $148.59 in the trading on Friday, Novemeber 17, 2023. The reason why AMAT is down today is due to the DOJ criminal probe. Despite the positive quarterly results, reports emerged of a new criminal investigation by the U.S. Department of Justice (DOJ) involving Applied Materials. The DOJ is reportedly investigating Applied Materials for potentially evading export restrictions related to its dealings with China-based chipmaker SMIC. Specifically, it is suspected that Applied Materials may have sent millions of dollars worth of equipment to SMIC through South Korea without the required export licenses. Such actions, if proven, would be in violation of U.S. sanctions implemented to restrict the transfer of U.S. technology that could be used for China's military and intelligence purposes.

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