ASML earnings drag semiconductor stocks lower
Publishing timestamp: 2024-04-17 16:01:46
Summary
Chip stocks fell after ASML reported steeper drop in sales than expected, impacting key customers like TSMC, Samsung, and Intel. ASML's bookings fell by 61% in Q1, leading to stock drops for AMD, Nvidia, Intel, Qualcomm, and Arm. ASML is the main supplier of machines for advanced chip manufacturing, with CEO expecting a stronger second half of 2024. The semiconductor industry is facing a downturn, with potential impact on chip companies and end customers.
Sentiment: NEGATIVE
Tickers: ARM, NVDA, ASML-NL, AMD, INTC, QCOM, ASML,
Keywords: asml holding nv, advanced micro devices inc, arm holdings plc, qualcomm inc, nvidia corp, business, intel corp, business news, breaking news: technology, mobile, technology, apple inc,
Source: https://www.cnbc.com/2024/04/17/asml-earnings-drag-semiconductor-stocks-lower.html