ASML

2024 - 10 - 16

Why ASML's Shares Took a Tumble: When Chip Dreams Go Sour 🍟📉

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Tech stocks all over are feeling ASML's pain! Find out why this chip giant is in hot water and what it means for your favorite gadgets!

ASML, the Dutch powerplayer in the microchip equipment arena, just hit a speed bump! On October 15, ASML surprised everyone with its third-quarter earnings, and not in a good way! With lower-than-expected net bookings and a forecast that made forecasts about forecasts feel optimistic, shares plummeted by over 15%. Talk about a real-life rollercoaster ride in the stock market! Investors were left gasping for air as analysts scrambled to reassess their predictions for the semiconductor giant known for its cutting-edge technology.

The company's Chief Financial Officer, the ever-curious Roger Dassen, flagged China as a significant player in this script, noting that around 20% of ASML’s revenue would be driven from the region next year. Though these figures might sound promising, they came with an ominous cloud: a warning of weaker-than-expected semiconductor demand. It’s like finding out the delicious-looking buffet at your friend’s wedding is actually just a series of appetizers!

Not only did ASML's numbers shock the market, but they also nudged other tech stocks down like dominoes; Nvidia and other chip-related stocks took a hit too. For many companies reliant on advanced lithography equipment, ASML's forecast cut translates to a longer wait until the semiconductor market takes its turn to recovery. It’s the tech industry’s version of announcing that dessert is going to have an unexpected delay—nobody’s happy about it!

Amidst the tension, as a twist of fate would have it, ASML actually reported a solid €7.5 billion in total net sales and €2.1 billion net income for Q3. Quite the paradox, don’t you think? But it seems that while sales are looking robust, overall market sentiment remains jittery. In fact, with the looming possibility of the U.S. imposing an AI chip export cap, stakeholders in the industry might want to fasten their seatbelts.

Here’s a fun little nugget: ASML has been a pioneer in the semiconductor revolution, supplying crucial machinery for making chips that power everything from our smartphones to electric vehicles! And, in case you didn't know, the company went public as recently as 2002, so this wild stock dive is a noteworthy reminder that even giants can stumble!

ASML cuts forecasts in Q3 earnings published early; shares fall (The Business Times)

COMPUTER chip equipment maker ASML reported on Tuesday (Oct 15) third-quarter earnings that surprised markets with weak bookings and lower than expected ...

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Image courtesy of "CNBC"

Chip firm ASML shares plunge 15% after warning of weaker China ... (CNBC)

The company's Chief Financial Officer Roger Dassen warned that China is expected to account for around 20% of the company's total revenue for the next year. The ...

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Image courtesy of "Financial Times"

ASML shares drop sharply after warning on semiconductor recovery (Financial Times)

Shares in ASML led a tech rout on Nasdaq on Tuesday after the chip equipment maker warned of a slower recovery in the semiconductor market, in results ...

ASML reports €7.5 billion total net sales and €2.1 billion net income ... (GlobeNewswire)

VELDHOVEN, the Netherlands, October 15, 2024 – Today, ASML Holding NV (ASML) has published its 2024 third-quarter results. Q3 total net sales of €7.5 billion, ...

ASML shares plunge 15% as Q3 net bookings miss estimates ... (Yahoo Finance)

ASML Holding (AS:ASML) shares plunged more than 15.6% Tuesday after the semiconductor equipment maker reported third-quarter results that fell short of ...

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Image courtesy of "Euronews"

ASML shares plunge 15.7% after early earnings leak, worst drop ... (Euronews)

ASML shares plunged 15.7% on Tuesday, the worst drop since the chipmaker went public in 2002, after an early earnings release revealed a lowered sales ...

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Image courtesy of "MarketWatch"

ASML's stock tumbles after microchip equipment maker warns of ... (MarketWatch)

ASML Holding, the Dutch microchip-equipment maker, saw its stock slide after saying the market recovery for semiconductors will take longer than expected.

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Image courtesy of "Reuters India"

Chip stocks fall on ASML forecast cut, potential US AI chip export cap (Reuters India)

U.S. semiconductor stocks fell on Tuesday after chip equipment maker ASML cut its annual sales forecast and a report said the Biden administration was ...

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Image courtesy of "Investor's Business Daily"

Chip-Gear Giant ASML Crashes On Q3 Report, Pulls Down Nvidia ... (Investor's Business Daily)

Shares of ASML (ASML), the leading supplier of advanced lithography equipment for making semiconductors, tumbled on Tuesday after the company reported ...

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Image courtesy of "CNA"

ASML earnings published early, shares fall (CNA)

AMSTERDAM : Shares in computer chip equipment maker ASML fell sharply on Tuesday after the company's third quarter earnings were published early in an ...

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Image courtesy of "Euronews"

Dutch tech giant ASML sees shares rise as demand grows for AI chips (Euronews)

Dutch chip equipment manufacturer ASML is set to release its third-quarter earnings on 16 October. Analysts are anticipating robust growth in its bookings, ...

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Image courtesy of "Yahoo Finance"

Chip stocks fall on ASML forecast cut, potential US AI chip export cap (Yahoo Finance)

AI chip giant Nvidia (NVDA.O), which had briefly surpassed Apple as the world's most valuable company the previous day, dropped 4.5%, wiping out about $158 ...

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Image courtesy of "The Business Times"

Europe: Tech stocks hurt Stoxx 600, ASML logs biggest one-day ... (The Business Times)

EUROPEAN shares posted their biggest one-day drop in over two weeks on Tuesday, weighed by technology stocks after chip equipment maker ASML's third-quarter ...

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Image courtesy of "CNA"

ASML's lowered outlook suggests factory overcapacity, not chip doom (CNA)

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 ...

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Image courtesy of "Yahoo Finance"

Global Chip Stocks Shed $420 Billion as ASML Shock Halts Rebound (Yahoo Finance)

(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 ...

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Image courtesy of "CNA"

ASML warning shocks global chip investors (CNA)

AMSTERDAM : Investors and analysts are reviewing their assessments of computer chip equipment maker ASML, they said on Wednesday, after the company cut 2025 ...

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Image courtesy of "Taipei Times"

ASML shares plunge as bookings miss signals chipmaker woes (Taipei Times)

ASML Holding NV's shares plunged the most in 26 years after it booked only about half the orders analysts expected, a startling slowdown for one of the ...

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Image courtesy of "Morningstar"

ASML Shares Nosedive on Guidance Cut, Lower Orders (Morningstar)

Semiconductor market recovery takes longer than expected, fair value estimate cut.

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Image courtesy of "Yahoo Finance"

ASML warning shocks global chip investors (Yahoo Finance)

Investors and analysts are reviewing their assessments of computer chip equipment maker ASML, they said on Wednesday, after the company cut 2025 financial ...

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Image courtesy of "CNA"

ASML's lowered forecast suggests factory overcapacity, not chip doom (CNA)

ASML's deep forecast cuts that sparked a global tech stock selloff signal overcapacity at chip factories rather than a slowdown in global semiconductor ...

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Image courtesy of "Fortune"

Dutch semiconductor giant ASML's shares nosedive after company ... (Fortune)

Shares in Dutch tech giant ASML plunged on Wednesday after the company accidentally released its third-quarter earnings early, which showed a 2025 guidance ...

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Image courtesy of "Reuters"

ASML's lowered forecast suggests factory overcapacity, not chip doom (Reuters)

ASML's deep forecast cuts that sparked a global tech stock selloff signal overcapacity at chip factories rather than a slowdown in global semiconductor ...

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Image courtesy of "台北時報"

Stocks shed US$420bn after ASML notice (台北時報)

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.

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Image courtesy of "Financial Times"

ASML pours vinegar on investors' chips banquet (Financial Times)

Purveyor of chipmaking equipment warns of cooling demand, but it's not just customers spoiling the feast.

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Image courtesy of "CNBC"

ASML just gave us a first glimpse into how U.S. chip export curbs will ... (CNBC)

ASML on Tuesday offered the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales in ...

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Image courtesy of "Yahoo Finance Australia"

Is ASML Holding N.V. (ASML) the Best High Growth NASDAQ Stock ... (Yahoo Finance Australia)

We recently compiled a list of 10 High Growth NASDAQ Stocks That Are Profitable in 2024. In this article, we will look at where ASML Holding N.V. ...

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Image courtesy of "CNA"

ASML reports accidental earnings disclosure to Dutch market regulator (CNA)

AMSTERDAM :Computer chip equipment maker ASML has informed the Dutch markets regulator of its accidental early disclosure of third-quarter earnings in what ...

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Image courtesy of "Yahoo Finance"

ASML earnings disappointment isn't a disaster for the AI chip sector (Yahoo Finance)

AI chip demand is still strong despite a widespread sell-off in chip stocks Tuesday, Wall Street analysts say.

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Image courtesy of "Global Times"

ASML's market share in China 'may further shrink' amid US tech ... (Global Times)

After Dutch chip equipment giant ASML saw its shares plunge 15.6 percent on Tuesday (EU time) amid a weaker outlook for 2025, Chinese analysts said that ...

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Image courtesy of "The Business Times"

ASML CEO sees slow chip recovery extending 'well into 2025' (The Business Times)

ASML Holding chief executive officer Christophe Fouquet said he expects the chip market's long-awaited recovery will extend “well into 2025”, ...

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Image courtesy of "Reuters"

ASML draws investor scrutiny after warning shocks global chip ... (Reuters)

The company cut 2025 financial guidance, citing weakness in markets other than AI and delayed orders.

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Image courtesy of "DatacenterDynamics"

ASML only saw half of expected bookings in Q3 2024 (DatacenterDynamics)

ASML has warned that recovery in the semiconductor market for products beyond AI is likely to be “more gradual than previously expected,” after the company ...

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Image courtesy of "Digitimes"

ASML eyes price increase in 2025 talks with TSMC, defying cost ... (Digitimes)

Senior executives at ASML and TSMC will soon begin negotiations on equipment purchase prices for 2025. The outcome of the negotiations between the two ...

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