🔴 Applied Materials is trading 4.17% down today as rising bond yields pressure growth-oriented chip stocks

Applied Materials is trading 4.17% down now at $92.00 after semiconductor stocks weakened broadly.

• Rising bond yields are pressuring richly valued, growth-oriented chip stocks.
• Oil above $91 and renewed U.S.–Iran tensions are adding risk-off pressure.
• No fresh company-specific announcement was identified; semiconductor equipment peers are also retreating amid concerns about AI-capital-expenditure durability.