The announcement, which came a day earlier than ASML's scheduled release because of a technical error, sparked a global selloff in chip stocks, from Nvidia to Intel and Taiwan Semiconductor ...
The Australian sharemarket has regressed from its 100-day record high on Wednesday, with the tech sector trading lower off the back of worse than expected results out of the US.
Chip stocks experience $420 billion losses after ASML cuts its 2025 outlook. Despite ASML’s challenges, AI demand remains strong, with a potential rebound on the horizon.