Applied Materials stock swings in Thursday trade as Mizuho upgrade meets tech selloff
Applied Materials shares fell 0.9% to $333.80 Thursday despite a Mizuho upgrade and higher price target, as chip-equipment stocks traded mixed and the Nasdaq dropped 1%. About 7.7 million shares changed hands. The company released proxy materials for its March 12 shareholder meeting. Broader market weakness and policy risks, including U.S. export controls to China, continued to weigh on the sector.