Applied Materials, Inc.
Company Name | Applied Materials, Inc. |
Stock Symbol | AMAT |
On November 16, 2023, Reuters reported that Applied Materials is under criminal investigation by the U.S. Justice Department for potentially evading export restrictions on China’s top chipmaker SMIC.
On this news, Applied Material’s stock price fell $6.22, or 4%, to close at $148.59 per share on November 17, 2023, thereby injuring investors.
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