Applied Materials Drops 3.6% While Rival KLA Gains on the Same Day
As seen on the 24/7 Wall St. homepage on November 12, 2026.
Applied Materials is off 3.58% to $380.94 in regular trading while competitor KLA runs 1.57% higher, a split worth noting within the same equipment group.
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Jun 30, 2026 · SEC 10-K
Moves: Nov 12, 2:40 PM ET · Alpha Vantage quote
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Applied Materials fell roughly 3.6% in the regular session, a move that stands out against the broader semiconductor equipment group.
Selling pressure built through the afternoon after an early advance, leaving the stock at its lows into the close.
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Competitor KLA finished the same session up 1.57%, so investors were not rotating out of chip equipment as a category. The divergence was stock-specific to Applied Materials.
For investors holding the stock or considering an entry, the split with KLA is the detail worth watching: two companies serving the same equipment market moved in opposite directions by more than five percentage points, pointing to a market judgment about this single name.
