Applied Materials Stock Is Tumbling. The Entire Chip Sector Is Sliding Too.

 Applied Materials Stock Is Tumbling. The Entire Chip Sector Is Sliding Too.

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https://www.barrons.com/articles/applied-materials-amat-stock-price-semiconducutors-51632827875


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Chip stocks such as Applied Materials and Nvidia are falling hard as rising Treasury yields pressure the stocks of fast-growing tech companies. 

Amid the red ink, New Street Research downgraded Applied Materials (ticker: AMAT) to Neutral from Buy with a $140 price target. The stock was down 6.7% in Tuesday afternoon trading to $133.13. The average target price among analysts surveyed by FactSet is $164.15.

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