Zhitong
2024.10.15 20:58

Top 20 US stock turnover on October 15: ASML's performance collapse triggers a plunge in US chip stocks

ASML, ranked 6th, fell by 16.26%, with a trading volume of $6.996 billion. The Dutch optical technology giant ASML was originally scheduled to release its third-quarter financial report on Wednesday, but due to operational errors, the report was prematurely posted on the website during Tuesday's early trading session in the US stock market. As a result, the poor performance surprised the market: although revenue exceeded expectations, orders were only half of the market's expectations, while next year's sales targets and gross margin guidance were lowered. The company stated that ASML's system sales in the Chinese market accounted for 47% in the third quarter, down from 49% in the previous quarter, still being ASML's largest market. It is estimated that the contribution of the Chinese market to the company's total revenue in 2025 will be approximately 20%. Financial media ZeroHedge believes that ASML's dismal financial report and outlook downgrade may indicate that the AI bubble is deflating