Applied Materials, Teradyne, and Entegris Stocks Trade Down, What You Need To Know
Shares of Applied Materials, Teradyne, and Entegris along with other semiconductor stocks fell following a report that South Korea's SK Hynix is slowing its high-bandwidth memory (HBM) expansion. While this news caused an initial sell-off due to fears of cooling AI demand, analysts suggest it's more about Hynix reallocating capacity to conventional DRAM for better margins, rather than an overall demand drop. The event also spurred profit-taking after a significant market run-up and coincided with a hawkish shift in interest rate expectations.
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