LOS ANGELES, Nov. 20, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Applied Materials, Inc. (“Applied Materials” or the “Company”) (NASDAQ: AMAT) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Applied Materials stock. Applied Materials investors are encouraged to contact the firm to discuss their legal rights.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On November 16, 2023, Reuters reported that Applied Materials was the subject of a criminal investigation by the U.S. Justice Department over potential violations of export restrictions related to China's leading chipmaker, SMIC (Semiconductor Manufacturing International Corporation).
In response to this news, Applied Materials' stock price experienced a decline of $6.22 per share, equivalent to a decrease of approximately 4%, with the stock closing at $148.59 per share on November 17, 2023. This decrease in stock price had a detrimental impact on investors.
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The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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