Applied Materials, Inc.(NASDAQ:AMAT) shares are trading lower by 10.2% to $192.15 Tuesday afternoon, in possible sympathy withASML, which fell after issuing soft guidance. Some stocks in the industry may also be down on reports indicating the U.S. is discussing curbing chip exports to some countries.

What's Happening:ASML's early release of its third-quarter earnings report, combined with a downgraded 2025 sales outlook, sent shockwaves through the broader semiconductor industry, including Applied Materials.

ASML's revised sales guidance, which lowered its 2025 revenue expectations to a range of €30 billion to €35 billion ($32.7 billion to $38.2 billion), down from the previously...