Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Former FBI Director Robert Mueller has Parkinson’s disease:...
Earthwise Advertising & Investor Awareness Campaign
Commencement of Henbury Field Program
RCM to Acquire Webbs Consol Silver Project from...
Basin Energy
Epstein estate to hand over ‘birthday book’ to...
Dyan Cannon denied White House entry after lying...
Israel eliminates Houthi prime minister in Yemen airstrike...
Sen. Bernie Sanders calls on RFK Jr. to...
Trump appointee exits US foreign aid agency after...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

ASML Lowers 2025 Guidance, Triggering Chip Stock Losses

by admin October 18, 2024
October 18, 2024
ASML Lowers 2025 Guidance, Triggering Chip Stock Losses

Netherlands-based semiconductor equipment giant ASML Holding (NASDAQ:ASML) experienced its largest single-day share price drop since 1998 after sharing a weaker-than-expected 2025 forecast.

The company plummeted about 16 percent on Tuesday (October 15) after releasing its Q3 report and guidance for next year. Its results were published a day earlier than expected due to a technical error.

CEO Christophe Fouquet said in a press release that ASML expects total net sales of 30 to 35 billion euros next year, which is in the lower half of the range mentioned at the company’s 2022 investor day.

‘While there continue to be strong developments and upside potential in artificial intelligence (AI), other market segments are taking longer to recover. It now appears the recovery is more gradual than previously expected,’ he said.

ASML, which is known for supplying lithography machines to semiconductor manufacturers such as Taiwan Semiconductor Manufacturing Company (NYSE:TSM), Intel (NASDAQ:INTC) and Samsung (KRX:005930), said its customers currently have a cautious mindset due to the market dynamics outlined by Fouquet.

Total net sales for Q3 came in at 7.5 billion euros, slightly beating expectations; however, net bookings for the quarter were reported at just 2.6 billion euros, significantly below market forecasts of 4 to 6 billion euros.

ASML’s share price decline weighed on other tech stocks that have benefited from the surge in demand for advanced chips, but are now facing potential headwinds if chipmakers scale back investments.

Several semiconductor manufacturers have delayed capital expenditure plans due to lower-than-expected demand in consumer electronics and smartphones. Intel previously announced major workforce cuts geared at helping it save US$10 billion in 2025, affecting orders for ASML’s lithography tools. Similarly, memory chipmakers have shifted their focus from expanding capacity to improving technological efficiency, contributing to fewer orders for new systems.

ASML has also faced limitations in selling its most advanced lithography tools to China due to US-led export controls.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Disney rolls out line-skipping park passes costing up to $449
next post
5 Best-performing Copper Stocks on the TSX in 2024

You may also like

Fortune Minerals Provides an Update of NICO Project...

January 9, 2025

Ole Hansen: Gold, Silver, Copper, Oil — Prices,...

April 15, 2025

Hertz Energy Acquires Lake George Antimony Property in...

September 17, 2024

Stefan Gleason: Gold, Silver Fireworks Ahead — Best...

September 12, 2024

Nickel Price Update: Q2 2025 in Review

July 29, 2025

NextSource Materials

July 26, 2025

Critical One Sells Uranium Assets to Dark Star,...

June 17, 2025

Stallion Uranium Announces Update to Previously Announced Technology...

August 1, 2025

Crypto Price Update: Q1 2025 in Review

April 7, 2025

Potash, Oil and Metal Shipments Halted as Canadian...

August 23, 2024

Recent Posts

  • Former FBI Director Robert Mueller has Parkinson’s disease: report
  • Earthwise Advertising & Investor Awareness Campaign
  • Commencement of Henbury Field Program
  • RCM to Acquire Webbs Consol Silver Project from Lode Res.
  • Basin Energy

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (902)
    • Investing (2,872)
    • Politics (3,525)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.