Previous close | 0.0600 |
Open | 0.0600 |
Bid | 0.0000 |
Ask | 0.0500 |
Strike | 520.00 |
Expiry date | 2024-10-11 |
Day's range | 0.0600 - 0.0600 |
Contract range | N/A |
Volume | |
Open interest | 5 |
ASML Holdings (ASML) leads chipmaker stocks like Nvidia (NVDA) and Advanced Micro Devices (AMD) lower after the company trimmed its 2025 guidance which seemingly sounded the alarm that there's trouble in the chip sector. The Futurum Group CEO Daniel Newman joins Market Domination's Julie Hyman and Josh Lipton to break down ASML's guidance amid reports that the Biden administration is weighing capping AI chip sales to certain countries. “I don't think what ASML came out with is actually negative for the AI trade,” Newman tells Yahoo Finance, noting that “in fact, their CEO said that when he came out and made the announcements, talked about the strength of AI.” “What we did see is a bifurcation. We see this kind of lagging recovery that's going on with some of the more traditional communication networks, industrial and IoT chips (Internet of Things), [and] even PCs and devices. We saw some early shipment data on these AI PCs, maybe not being as strong, but that data center AI number wasn't affected.” Newman finds Nvidia's sell-off after hitting an all-time high share price yesterday "surprising." "I think some of the other areas could have sold, but [for] Nvidia... maybe it was just more about the run-up and people just looking for some sort of reason to sell," Newman says, noting that Nvidia and AMD stocks are pulling back from recent gains. He views it as a "two-sided argument" as recovery slows: "And that means that investment in capital equipment is slower, and clearly not being able to sell to China is going to have an impact on ASML as well.” To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.
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 may be faltering. The weaker outlook could, instead, reflect some overcapacity at chip factories that had already stocked up on ASML's pricey tools during the pandemic and have become better at using them to produce a larger numbers of chips, analysts said. In results that the company inadvertently posted a day ahead of schedule, ASML said it expects 2025 total net sales of 30 billion-35 billion euros, near the bottom of its previous forecast.
DR VELDHOVEN, Netherlands (AP) — ASML Holding NV (ASML) on Tuesday reported third-quarter profit of $2.28 billion. On a per-share basis, the Dr Veldhoven, Netherlands-based company said it had profit of $5.80. The results topped Wall Street expectations.