ASML’s Plunge Shows the Diverging Fortunes of Chipmakers From AI
- ASML lost more than €60 billion in market value since Monday
- Earnings miss triggered a broad selloff in the chip industry
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ASML Holding NV has lost more than €60 billion ($65.3 billion) in market value since it reported weak orders for its chipmaking machines, forcing investors to reevaluate the health of the industry.
The Dutch company fell as much as 5.8% Wednesday, after plunging 16% — the most in 26 years — the day before. ASML, with a monopoly on machines that produce the highest spec semiconductors, acts as a barometer for the health of companies like Intel Corp., Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Corp. The earnings miss triggered a broad selloff in the semiconductor industry.