Applied Materials, Inc. Class Action Lawsuit - AMAT

The filed complaint alleges that Applied Materials, Inc. made materially false and/or misleading statements and/or failed to disclose that: On October 15, 2024, the investment research firm Hedgeye added Applied Materials as a new short idea, claiming to have "tested [management's] conclusions" with respect to the Company's growth "and found it may not look as good as it seems," and asserting that "[f]rom a financial comparison, [Applied Materials] actually look[s] the worst among its peers in several categories[.]" Following this news, Applied Materials' stock price fell over 10% on the same day .

In order to be eligible to join the AMAT class action lawsuit, you must have incurred a loss on shares of Applied Materials, Inc. purchased during the class period listed above.