ASML downgrades 2025 sales forecast, causing semiconductor stock sell-off amid global chip demand concerns.

ASML, a major chip equipment manufacturer, has downgraded its 2025 sales forecast, causing a significant sell-off in semiconductor stocks. Concerns about global chip demand have emerged, but some analysts attribute the outlook to factory overcapacity rather than diminished demand. ASML's stock dropped sharply, impacting companies like TSMC and Intel. Despite current challenges, analysts suggest potential long-term recovery driven by AI chip demand.

October 15, 2024
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