Yahoo Finance Live anchor Seana Smith looks at which stocks are moving markets in the final hours of trading.
(Bloomberg) -- China’s top leadership has grown increasingly frustrated with a years-long failure to develop semiconductors that can replace US circuitry, an embarrassment capped by a flurry of anti-graft probes into top industry officials and the $9 billion rescue of Tsinghua Unigroup.Most Read from BloombergMusk Sells Another $6.9 Billion of Tesla Ahead of Twitter TrialUS Inflation Runs Cooler Than Forecast, Easing Pressure on FedRussia Is Scouring the Globe for Weapons to Use Against UkraineU
Applied Materials' (NASDAQ: AMAT) stock price soared to an all-time high of $167 back in January. At the time, investors were convinced the semiconductor equipment maker would be a great long-term play on the ongoing chip shortage.