🔴 Applied Materials is trading 3.85% down today as semiconductor stocks weaken broadly

Applied Materials is trading 3.85% down at $92.30 after semiconductor stocks weakened broadly on September 1, 2026.

• Rising global bond yields are pressuring high-growth technology valuations.
• Oil above $91 and renewed U.S.–Iran tensions are adding risk-off pressure; SOXX is down 2.76% as semiconductors underperform broader technology.
• No fresh company-specific announcement has been identified.