Reported about 1 month ago
A disappointing sales forecast from ASML Holding NV has resulted in a significant sell-off in global chip stocks, erasing over $420 billion in market value. ASML's shares dropped sharply, impacting major industry players, including Nvidia and Taiwan Semiconductor Manufacturing Company, which also saw declines. The warning revealed sluggish demand beyond artificial intelligence applications, surprising investors and marking one of the largest single-day market capitalization losses in European history.
Source: YAHOO