sales forecast – Charm

Exterior view of the head office of ASML, a leading maker of semiconductor production equipment, in Veldhoven, Netherlands, Monday, Jan. 30, 2023. ASML says the U.S., Dutch and Japanese officials are close to an agreement to limit China's access to the technology used to make computer chips. (AP Photo/Peter Dejong)

ASML stock drops 6% as China segment takes hit from export bans

4 hours ago04 mins

ASML (ASML) stock dipped as much as 6% on Wednesday as the chip equipment maker’s China segment shrank as a percentage of net system sales, but management pointed to strong sales momentum and raised its full year sales forecast amid AI-driven spending. “Demand for chips is outpacing supply. In response, our customers are accelerating their…