Applied Materials Plunges: Worst Sell-Off Since 2020 as China Crisis Bites

Chip gear giant Applied Materials just got sucker-punched by Beijing—and Wall Street's dumping shares like last-gen GPUs.

Blood in the semiconductor water

The California-based tech titan saw its worst single-day rout in five years as China's economic slowdown torpedoed earnings projections. No specific numbers were disclosed—just that stomach-churning 'since 2020' timeframe that still haunts traders' nightmares.

When the world's factory coughs...

Supply chain pros are whispering about 'strategic inventory adjustments' (read: warehouses full of unsold chips). Meanwhile, hedge funds are doing what they do best—overreacting with algorithmic panic before lunch.

One analyst quipped: 'At this rate, they'll be blaming China for bad weather next.' Classic Wall Street—always finding new ways to lose money old-fashioned ways.