Global Chip Stocks Plummet After ASML's Forecast Shock!

Global chip stocks took a hit after Dutch semiconductor giant ASML posted disappointing sales forecasts, causing its shares to drop 16% in one day, wiping out over $53 billion in market value. This sent ripples through the sector, dragging down other semiconductor stocks across Europe and Asia. Notably, Japan's Tokyo Electron fell nearly 10%, and Nvidia dropped 4.7%. ASML warned of slower-than-expected recovery, adding pressure to the global semiconductor market.

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