Nvidia and other chip stocks sank Tuesday following news of potential US export caps and a dismal earnings report from semiconductor equipment manufacturer ASML.
ASML stock tumbled on Tuesday after the company reported disappointing third-quarter bookings and lowered its 2025 guidance.
(Bloomberg) -- 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 bellwethers of the semiconductor industry.Most Read from BloombergHow Mexico City Averted All-Out DroughtDubai’s Allure to Expats Is Weighing on City’s InfrastructureInside the ‘Utopias’ of Mexico CityThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingWhat It Takes to Make City Solutions Go ViralThe Dutch company, w