Why Applied Materials Shares Are Trading Lower

Applied Materials, Inc. AMAT shares are trading lower by 4.03% to $90.28 Thursday morning. Shares of several chips and semiconductors companies are trading lower after the U.S. government imposed export restrictions on the chipmakers.

In a Form 8-K filing with the SEC, Nvidia said the U.S. government on Aug. 26 informed the company that it has imposed a new license requirement for any future exports to China in order to address the risk that some products could be used for military purposes in China and Russia...Read More

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According to data from Benzinga Pro, Applied Materials has a 52-week high of $167.06 and a 52-week low of $82.67.