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ASML Holdings is experiencing a significant decline in its stock price, falling nearly 6% in premarket trading. The drop comes despite the company reporting better-than-expected earnings and an increase in orders. The decline is attributed to concerns over potential additional US export curbs on semiconductor technology, which could impact ASML's future outlook. ASML shares fell 5.3% on July 17, with a 3.6% drop in Amsterdam post-earnings. The broader technology sector in Europe is also affected, with the Stoxx 600 index experiencing a downturn.
Semiconductor chip stocks are taking a beating this morning after $ASML forecast weakness on potential US curbs and $TSM drops on Trump comments saying Taiwan should pay for US defense.
$ASML is a superb company (-6% today). But it's valued at well above +1 Std dev bands. +2-3 yr consensus expectations largely unchanged over last 12m. The only thing justifying the growth implied by the multiple is a sig ramp up in LT guidance at their investor day. https://t.co/gtR94UseKy
Your morning read: ASML Falls as Outlook Clouded By Risk of More US Export Curbs https://t.co/8QoeIRfLDY via @technology by @cagankoc