Akash J. Palkhiwala

October 16, 2026

Qualcomm verdict adds to chip sector selloff. A legal verdict involving Qualcomm has contributed to a broader decline in the chip sector, with peers Arm and AMD falling 5%. This news adds pressure to the group, though Qualcomm is currently trading near its support level. The event highlights ongoing legal risks that can impact sentiment across the industry.

October 17, 2026

AMAT Opens $5B EPIC Center Amid 21% Share Decline. Applied Materials opened a $5B EPIC Center, a new R&D facility, amid a 21% decline in its shares over the last eight sessions. The drop aligns with broader weakness in chip‑equipment stocks, driven partly by AI‑spending concerns. The EPIC Center launch may signal a focus on future growth, but the shares are near the $418.92 support level and have recently broken out of the Bollinger Bands. The shares are also touching the 200‑day moving average.