Applied Materials, Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Applied Materials, Inc. (NASDAQ: AMAT) resulting from allegations that Applied Materials may have issued materially misleading business information to the investing public.

If you purchased Applied Materials securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Applied Materials securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

On November 17, 2023, Reuters published an article reporting that “[s]emiconductor equipment maker Applied Materials … is under U.S. criminal investigation for potentially evading export restrictions on China’s top chipmaker Semiconductor Manufacturing International Corporation (“SMIC”)[.]” Citing “three people familiar with the matter”, the article reported that Applied Materials “is being probed by the Justice Department for sending equipment to SMIC via South Korea without export licenses.”

On this news, Applied Materials’ stock price fell $6.22 per share, or 4%, to close at $148.59 per share on November 17, 2023.

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