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ASML Shares Plunge Amid Chip Orders Slowdown

DeFi Daily News by DeFi Daily News
October 16, 2024
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ASML’s shares plunged the most in 26 years after it booked only about half the orders analysts expected. The Dutch company lowered its guidance for 2025 and reported bookings of €2.6 billion ($2.8 billion) in the third quarter, missing an average estimate of €5.39 billion by analysts surveyed by Bloomberg. ASML makes the world’s most advanced chipmaking machines. Bloomberg’s Annabelle Droulers reports.
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Tags: aiASMLASML Holding NVChipchip industrychipscompanycompany earningscompany newsEarningsNetherlandsOrdersPlungesemiconductorsSharesslowdownTechTechnology
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