Applied Materials, Inc. (NASDAQ: AMAT)

This investigation is for anyone who acquired securities in Applied Materials, Inc. (NASDAQ: AMAT) prior to February 27, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company complied with applicable laws but then by violating U.S. laws prohibiting the import of certain Chinese goods.

On November 16, 2023, Reuters reported that Applied Materials was under criminal investigation by the U.S. Justice Department for potentially evading export restrictions on China’s top chipmaker SMIC. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on February 27, 2024, Reuters reported that Applied Materials had received one subpoena from the Securities and Exchange Commission and another from the U.S. Attorney’s Office for the District of Massachusetts related to China shipments and requesting information related to certain federal award applications. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Applied Materials, Inc. (NASDAQ: AMAT) prior to February 27, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.