Chip Equipment Stocks Slide as AI Pacing Call Reaches Fab Spending: Applied Materials and Lam Research Fall 6%, ASML Sinks 5%

Chip-equipment stocks led Monday morning selling, with Applied Materials down 6% to $429.71 and Lam Research falling 6% to $279. The synchronized declines indicate a risk-off move in semiconductor capital-equipment names, likely pressuring the broader chip-equipment subsector.