The Law Offices of Frank R. Cruz announces an investigation of Applied Materials, Inc. (“Applied Materials” or the “Company”) (NASDAQ: AMAT) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On November 16, 2023, Reuters reported that Applied Materials is under criminal investigation by the U.S. Justice Department for potentially evading export restrictions on China’s top chipmaker SMIC.

On this news, Applied Material’s stock price fell approximately 5% during intraday trading on November 17, 2023, thereby injuring investors.

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If you purchased Applied Materials securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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