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Applied Materials, Inc. (NASDAQ: AMAT) Securities Fraud Investigation

On November 16, 2023, Reuters reported that Applied Materials was under criminal investigation by the U.S. Justice Department for potentially evading export restrictions on China’s top chipmaker, SMIC.  On this news, Applied Materials’ stock price fell $6.19, or 4%, to close at $147.75 per share on November 17, 2023. 

Then, on February 27, 2024, Reuters reported that Applied Materials had received a subpoena from both the SEC and U.S. Attorney’s Office for the District of Massachusetts related to China shipments and requested information concerning certain federal award applications.  On this news, Applied Materials’ stock price fell $5.31, or 2.6%, to close at $197.28 per share on February 27, 2024. 

If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP:  Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.  

Complete this form with your transactions in Applied Materials, Inc.
 securities between August 18, 2023 and July 31, 2024.

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