Global chip stocks fall on ASML's disappointing outlook, possible U.S. export cap
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
0mins
Source: CNBC
ASML's Disappointing Forecasts: ASML's stock fell significantly after it issued lower-than-expected sales forecasts, leading to a decline in global semiconductor stocks and impacting other chipmakers across Europe and Asia.
Impact of Geopolitical Tensions: The company's business outlook is further complicated by U.S. and Dutch export restrictions affecting its operations in China, which is expected to contribute less to revenue than previously anticipated.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
