News Formal

ASML earnings drag semiconductor stocks lower

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 55%
  • Publisher: 72%

ASML Holding NV Nyheter

Arm Holdings PLC,Qualcomm Inc,Advanced Micro Devices Inc

ASML fell over 8% on a day when the entire S&P 500 index was only down less than 1%.

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."

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: Investingcom - 🏆 450. / 53 Läs mer »

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
Källa: Investingcom - 🏆 450. / 53 Läs mer »

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
Källa: Investingcom - 🏆 450. / 53 Läs mer »

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
Källa: Utoday_en - 🏆 295. / 63 Läs mer »