Chip Stocks Rebound After ASML's Third-Quarter Earnings Forecast Sparks Global Tech Selloff

Investors in the semiconductor sector are navigating a volatile landscape following a downbeat forecast from ASML, a key supplier of chip-making equipment. The company's accidental early disclosure of its third-quarter earnings triggered a global selloff in technology stocks. However, several chip stocks managed to rebound later in the day, recovering some of the losses incurred during the initial market reaction. The situation highlights the sensitivity of chip stocks to earnings reports and market forecasts, particularly from influential suppliers like ASML.