Shares of semiconductor company Applied Materials (NASDAQ: AMAT) pulled back on Friday after the company reported financial results for its fiscal first quarter of 2025. As of 2:15 p.m. ET, Applied Materials stock was down 6% and is now down more than 30% from its high.

We recently compiled a list of the These 10 Firms Were Heavily Hit on Friday. In this article, we are going to take a look at where Applied Materials, Inc. (NASDAQ:AMAT) stands against the other stocks.

Shares of Applied Materials Inc. shed 8.18% to $169.20 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.01% to 6,114.63 and Dow Jones Industrial Average falling 0.

Shares of Applied Materials were falling Friday after the chip equipment maker issued mixed financial guidance. Applied Materials stock fell 4.8% to $175.38 in premarket trading. Shares of other chip makers were also in the red,

What Happened? Shares of semiconductor machinery manufacturer Applied Materials (NASDAQ:AMAT) fell 6.8% in the afternoon session after the company reported mixed fourth quarter results: Its revenue guidance for next quarter slightly missed and its inventory levels slightly increased.