Applied Materials Shares Slip 7.8% as AI Chip Demand Raises Market Concerns

Applied Materials Inc. (NASDAQ: AMAT) saw its stock fall 7.8% on Tuesday, trading down to $476.46 after reaching a low of $467.01. The decline came amid mixed sentiment about the company’s exposure to AI‑driven wafer‑fabrication spending and heightened competition from China’s domestic immersion DUV lithography equipment, which could curb future demand.

In a separate market note, SPAC SilverBox Corp IV (NYSE: SBXD) experienced a sharp rise in short interest in July, increasing 109.1% to 573 shares. The stock remained flat around $10.84, while investors noted the short‑interest ratio of 0.1 days. Both companies are listed on U.S. exchanges and are currently under analyst scrutiny.