Nasdaq losses deepen amid market jitters over US policy on chipmakers

stock index has deepened its losses after this week’s interventions by US presidential candidates, but analysts played down market jitters over chipmakers, saying the artificial intelligence boom would continue to support demand.

ASML, the Dutch maker of chip manufacturing equipment and a key player in the industry, fell a further 3.9% on Thursday. Dan Coatsworth, an analyst at the London stockbroker AJ Bell, said: “TSMC joins ASML this week in delivering robust figures, yet both companies are seen as vulnerable to a clampdown by the US on the semiconductor industry.

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