Applied Materials Shares Swing From 9% Intraday Gain to 3% Decline
AMAT•AMAT•AMAT•AMAT•Applied Materials shares dropped more than 3% after rising memory chip costs prompted Apple and Microsoft to raise product prices, stoking concerns over equipment demand. Earlier, its stock surged 9% intraday on a Power Inflow alert, signaling significant institutional buying interest.
In early trade, Applied Materials shares fell more than 3% after memory chip prices climbed significantly, prompting Apple and Microsoft to raise product prices. Investors worry that higher component costs could damp equipment orders as customers push back on elevated capital expenditures.
Earlier in the session, Applied Materials surged 9% after triggering a Power Inflow alert—a bullish indicator tracking institutional and retail order flow analytics. Traders interpret this signal as evidence of strong buying momentum, though its short-term nature adds volatility to the stock.
