Applied Materials Slips as Investors Seek Faster Growth After Stellar Run Applied Materials, a leading chip equipment maker, took a hit on Wall Street after its recent earnings report failed to meet investor expectations for rapid growth.
Shares plummeted by 4% in early trading on Friday, indicating that the market is increasingly demanding more from its top performers.
The company's stellar run this year has been nothing short of phenomenal, with shares more than doubling in value.