ASML earnings drag semiconductor stocks lower

Chip stocks fell on Wednesday after key semiconductor manufacturing equipment maker ASML said that sales suffered a steeper drop than investors had expected.

Its top two customers accounted for over half of its 2023 sales. Sales were down in Taiwan and South Korea, where TSMC and Samsung are based, respectively. Total bookings for ASML's machines fell 4% year-over-year, and CEO Peter Wennink said in a statement that he expects the second half of 2024 to be stronger than the first half as the semiconductor industry manages a "recovery from the downturn" and said the company was in a "transition year."

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock Market Today: S&P 500 closes lower as Powell signals higher for longer ratesStock Market Today: S&P 500 closes lower as Powell signals higher for longer rates
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock Market Today: S&P 500 closes higher on tech strength; big bank earnings eyedStock Market Today: S&P 500 closes higher on tech strength; big bank earnings eyed
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock Market Today: S&P 500 closes flat ahead of key inflation data, earningsStock Market Today: S&P 500 closes flat ahead of key inflation data, earnings
Fuente: Investingcom - 🏆 450. / 53 Leer más »

BTC/S&P 500 Correlation: What Stock Market Can Tell Us About Bitcoin PriceComparing S&P 500 and BTC can give important insights on Bitcoin price prediction
Fuente: Utoday_en - 🏆 295. / 63 Leer más »