How did Applied Materials (AMAT) perform?

AMAT shares declined as part of the broad selloff in semiconductor stocks.

Are there specific reasons for the selloff?

Concerns over a slowdown in AI spending and a reassessment of expected returns.

U.S. Stock Futures Fall as Chip Selloff Intensifies

U.S. stock futures fell as a selloff in companies linked to the artificial-intelligence buildout continued to reverberate across the globe, hitting chip stocks like Applied Materials (AMAT).

July 17, 2026

1 min read

Source: The Wall Street Journal

U.S. stock futures fell on Friday as a selloff in companies tied to the artificial-intelligence infrastructure buildout deepened, with losses spreading globally. Applied Materials (AMAT) was among the semiconductor stocks affected.

Potential Reasons

The selloff follows growing concerns over a potential slowdown in AI spending or a reassessment of expected returns on massive investments in the sector. Recent cautious comments from some tech executives have also fueled uncertainty about future growth rates.

Context

Chip stocks have declined sharply in recent days, with the Philadelphia Semiconductor Index (SOX) giving back a significant portion of its year-to-date gains. Applied Materials (AMAT) has fallen notably this week but remains up for the year.

Similar Moves in the Sector

Applied Materials was not alone; other chipmakers such as Nvidia (NVDA), AMD (AMD), and Intel (INTC) also experienced declines, indicating broad weakness in the AI-related semiconductor space.

Frequently Asked Questions

A deepening selloff in AI-related stocks that spread globally, hitting the semiconductor sector.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.