ASML share plunge wipes over $50 billion off Dutch chip giant's value
Publishing timestamp: 2024-10-15 15:11:19
Summary
Dutch chip equipment firm ASML released its third-quarter results early by mistake, leading to a plunge in its share price and market capitalization. The company issued disappointing sales forecasts for 2025, citing a more gradual recovery in certain market segments. ASML is facing tougher business outlook in China due to export restrictions. Analysts are cautious about the company's future outlook.
Sentiment: NEGATIVE
Tickers: AMD, AVGO, ASML-NL, NVDA,
Keywords: earnings, breaking news: europe, breaking news: markets, technology, china, broadcom inc, markets, business news, breaking news: technology, asml holding nv, advanced micro devices inc, united states, world markets, nvidia corp,