Applied Materials shares sink 10% on light forecast amid macroeconomic uncertainties

Are the macroeconomic uncertainties mentioned likely to impact demand for Applied Materials' products? Could the light forecast signal a broader slowdown in the semiconductor supply chain? What is the market’s expectation for Applied Materials’ revenue and earnings versus the company’s forecast? How does Applied Materials’ current quarter guidance compare to its peers in the semiconductor equipment sector? What inventory levels and order backlog does Applied Materials have, and how might they influence future performance? What are the potential upside catalysts that could reverse the negative sentiment on AMAT stock? How might the recent share decline affect the company’s valuation multiples relative to historical averages? What is the expected impact of this earnings outlook on the broader market’s perception of the semiconductor industry? What specific factors contributed to the light outlook for the current quarter? How will the 10% drop in AMAT shares affect short‑term trading strategies?