Chip company ASML shares plunge 16% after warning of weaker China sales in early release
2024-10-16 09:16:11 source：CNBC
October 15, 2024
Shares in semiconductor equipment maker ASML fell 16% on Tuesday after the Dutch company published financial results a day early, issuing disappointing sales forecasts.
The move pulled other chip stocks lower, with Nvidia, Advanced Micro Devices and Broadcom all falling after the report.
ASML, which is based in Veldhoven, Netherlands, said it expects net sales for 2025 to come in between 30 billion euros and 35 billion euros ($32.7 billion and $38.1 billion), at the lower half of the range it had previously provided.
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