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Applied Materials Remains Sharply Lower After Early Sell-Off

Shares of Applied Materials (AMAT) continue to see significant weakness in afternoon trading on Friday after falling sharply early in the session. After hitting its lowest intraday level in a year, Applied Materials is currently down by 7 percent.

The steep drop by Applied Materials comes after the semiconductor equipment maker reported better than expected fiscal third quarter results but provided disappointing guidance for the current quarter.

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