ASML Holding NV lost its place as Europe’s most valuable technology company to software firm SAP SE after a guidance cut sent the Dutch chip-machine maker’s shares plunging.
ASML has lost more than €60 billion ($65.3 billion) in market capitalization after shocking investors on Tuesday by lowering its guidance, citing delays in chip plant constructions. It also booked only about half the orders analysts expected in the third quarter.
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