Applied Materials stock slips midday as chip-equipment trade turns cautious ahead of ASML results
Applied Materials shares fell 0.6% to $320.56 by midday Monday, while Lam Research and KLA rose and ASML gained 1.6%. Semiconductor ETFs were little changed. Investors are awaiting ASML’s earnings on Jan. 28 and Applied’s report on Feb. 12 amid sector focus on spending plans and U.S. export controls.