Applied Materials Slides as Chip Selloff Deepens and AI Trade Cools

Applied Materials (AMAT) is down 8.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied mainly to a broad semiconductor selloff rather than a company-specific blowup. Investors seem to be reassessing how far and how fast the AI-driven chip rally can continue, and richly valued equipment names like Applied Materials have been caught in that pullback.

Details:

Chip stocks weakened broadly on July 7, 2026, with market focus shifting from enthusiasm around AI demand to concerns that the sector’s rally had become stretched.

Strong preliminary results from a major memory manufacturer did not stabilize sentiment, which suggests traders were using strength as an opportunity to take profits across semiconductor names.

A fresh report that a Chinese AI startup is developing its own AI chip added another layer of pressure to the group by raising questions about future demand patterns and competitive dynamics.

Applied Materials had already been one of the stronger performers in the semiconductor equipment space in 2026, so the stock may have been especially vulnerable to a sharp valuation reset during a sector-wide risk-off move.

Sources:

Applied Materials, Reuters, Investing.com, 24/7 Wall St.

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$AMAT Insider Trading Activity

$AMAT insiders have traded $AMAT stock on the open market 39 times in the past 6 months. Of those trades, 0 have been purchases and 39 have been sales.

Here’s a breakdown of recent trading of $AMAT stock by insiders over the last 6 months:

GARY E DICKERSON (President and CEO) has made 0 purchases and 15 sales selling 161,321 shares for an estimated $104,789,403.
PRABU G. RAJA (President, Semi. Products Grp.) has made 0 purchases and 5 sales selling 60,000 shares for an estimated $31,599,496.
OMKARAM NALAMASU (Senior Vice President, CTO) has made 0 purchases and 9 sales selling 35,000 shares for an estimated $20,754,197.
THOMAS J IANNOTTI sold 9,250 shares for an estimated $5,547,872
TIMOTHY M DEANE (SVP, Applied Global Services) sold 8,621 shares for an estimated $5,092,984
BRICE HILL (SVP, CFO) has made 0 purchases and 2 sales selling 7,500 shares for an estimated $3,053,215.
JUDY BRUNER has made 0 purchases and 4 sales selling 7,597 shares for an estimated $2,983,279.
ADAM SANDERS (Corp. Controller & CAO) has made 0 purchases and 2 sales selling 802 shares for an estimated $318,841.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$AMAT Hedge Fund Activity

We have seen 1,259 institutional investors add shares of $AMAT stock to their portfolio, and 1,162 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 3,715,744 shares (+4.9%) to their portfolio in Q1 2026, for an estimated $1,217,509,968
AUTO-OWNERS INSURANCE CO removed 3,357,097 shares (-99.6%) from their portfolio in Q1 2026, for an estimated $1,099,994,795
GEODE CAPITAL MANAGEMENT, LLC added 3,313,100 shares (+17.8%) to their portfolio in Q1 2026, for an estimated $1,085,578,628
CAPITAL RESEARCH GLOBAL INVESTORS removed 3,251,625 shares (-9.9%) from their portfolio in Q1 2026, for an estimated $1,065,435,576
DAVIS SELECTED ADVISERS removed 3,004,196 shares (-71.5%) from their portfolio in Q1 2026, for an estimated $984,362,371
SANDERS CAPITAL, LLC removed 2,660,789 shares (-30.1%) from their portfolio in Q1 2026, for an estimated $871,840,775
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 2,067,651 shares (-82.0%) from their portfolio in Q1 2026, for an estimated $677,491,695

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$AMAT Congressional Stock Trading

Members of Congress have traded $AMAT stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $AMAT stock by members of Congress over the last 6 months:

SENATOR JOHN BOOZMAN sold up to $15,000 on 02/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$AMAT Analyst Ratings

Wall Street analysts have issued reports on $AMAT in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 02/13/2026
Morgan Stanley issued a "Overweight" rating on 02/02/2026
Deutsche Bank issued a "Buy" rating on 01/23/2026
RBC Capital issued a "Outperform" rating on 01/15/2026
Barclays issued a "Overweight" rating on 01/15/2026

To track analyst ratings and price targets for $AMAT, check out Quiver Quantitative's $AMAT forecast page.

$AMAT Price Targets

Multiple analysts have issued price targets for $AMAT recently. We have seen 24 analysts offer price targets for $AMAT in the last 6 months, with a median target of $550.0.

Here are some recent targets:

Shane Brett from Morgan Stanley set a target price of $647.0 on 07/06/2026
Mehdi Hosseini from Susquehanna set a target price of $900.0 on 06/30/2026
Steve Barger from Keybanc set a target price of $750.0 on 06/29/2026
C.J. Muse from Cantor Fitzgerald set a target price of $850.0 on 06/29/2026
Joe Quatrochi from Wells Fargo set a target price of $740.0 on 06/26/2026
Blayne Curtis from Jefferies set a target price of $770.0 on 06/26/2026
Craig Ellis from B. Riley Securities set a target price of $790.0 on 06/26/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.