Applied Materials Forecast Sparks Concern Over China Demand

Applied Materials, a big company that makes tools for making computer chips, said they won't make as much money as people thought.

This is because China isn't buying as many tools and it's hard to sell them technology.

They're also seeing some customers delay orders.

This made their stock price go down.

However, they're also working with Apple to build more things in the US, which could be good for the future.

The company's boss thinks things will be okay in the long run.