ASML’s (ASML) disappointing earnings report on Tuesday fueled a widespread chip stock sell-off that dragged down Nvidia (NVDA) and others in the sector, but industry analysts told Yahoo Finance that it doesn’t signal AI chip demand is weakening more broadly. ASML — previously Europe’s most valuable tech firm before shares began to plunge this week…
October 18, U.S. stock markets rallied, with the Dow Jones Industrial Average climbing over 250 points or 0.6%, as investors reacted positively to earnings reports from Morgan Stanley and other key players, offsetting recent losses driven by a downturn in the tech sector. The tech-heavy Nasdaq Composite edged up by nearly 0.2%, while the S&P…
(Bloomberg) — ASML Holding NV is in talks with the Dutch market regulator about the company’s erroneous publication of its financial results a day earlier than scheduled. Most Read from Bloomberg Regulator AFM confirmed the discussions but said it can’t comment at this stage on whether the company will face any repercussions for the mistake….
Shares of Nvidia fell 5% as global chipmakers lost $420 billion in market cap on Tuesday. (Photo via … [+] Smith Collection/Gado/Getty Images). Getty Key Takeaways Chip Stocks Dropped Significantly Due To ASML’s Slower Recovery Warning Nuclear Energy Stocks Rallied, Driven By AI’s Growing Energy Needs Morgan Stanley Outperformed, While Banking Sector Faces Interest Income…
US stock futures took a breather on Wednesday as investors digested results from Morgan Stanley (MS) and others to potentially power a rebound to record highs after an ASML (ASML)-fueled slide. Futures on the S&P 500 (ES=F) and Dow Jones Industrial Average (YM=F) hugged the flatline, while contracts on the tech-heavy Nasdaq 100 (NQ=F) were…
(Bloomberg) — Investors in chip stocks are facing a fresh gut check after a tepid outlook from key equipment supplier ASML Holding NV sparked a global rout in the sector. Most Read from Bloomberg Listen to the Bloomberg Daybreak Europe podcast on Apple, Spotify or anywhere you listen. Combined market value losses for an index…
A look at the day ahead in European and global markets from Ankur Banerjee European chip and luxury stocks will be at the forefront of investors’ minds on Wednesday, and for all the wrong reasons, after lacklustre earnings from the region’s biggest tech firm ASML and luxury bellwether LVMH dragged shares lower. Chip stocks around…
By Max A. Cherney and Stephen Nellis (Reuters) – Computer chip equipment maker ASML’s deep cuts to its 2025 sales forecast sparked a sell-off in chip stocks on Tuesday over worries that global chip demand may be faltering. The weaker outlook could, instead, reflect some overcapacity at chip factories that had already stocked up on…
Computer chip equipment maker ASML’s deep cuts to its 2025 sales forecast sparked a sell-off in chip stocks on Tuesday over worries that global chip demand may be faltering. The weaker outlook could, instead, reflect some overcapacity at chip factories that had already stocked up on ASML’s pricey tools during the pandemic and have become…
By Max A. Cherney and Stephen Nellis (Reuters) – Computer chip equipment maker ASML’s deep cuts to its 2025 sales forecast sparked a sell-off in chip stocks on Tuesday over worries that global chip demand may be faltering. The weaker outlook could, instead, reflect some overcapacity at chip factories that had already stocked up on…