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ASML has lost more than €60 billion ($65.3 billion) in market value since is reported weak orders for its chipmaking machines, forcing investors to reevaluate the health of the industry. @tommackenzietv explains https://t.co/wK6K4fjjWC https://t.co/Zhb7YHsKqm
$ASML lost its place as Europe’s most valuable technology company to software firm SAP after a guidance cut sent the Dutch chip-machine maker’s shares plunging
ASML share plunge wipes over US$50 billion off Dutch chip giant's value - CNBC https://t.co/ouRs2QnAVQ
ASML, the Dutch chip-machine maker, has lost its position as Europe’s most valuable technology company to software firm SAP following a guidance cut that led to a significant drop in its share price. The company has seen its market value decrease by more than €60 billion ($65.3 billion) due to weak orders for its chipmaking machines. ASML's share plunge has wiped over $50 billion off its value, according to CNBC. This decline has contributed to a combined market value loss of over $420 billion for an index of US-traded chipmakers and the largest Asian stocks. Investors are now forced to reevaluate the health of the semiconductor industry.
