⏺The Dutch chipmaker cut its forecast for 2025 and reported orders worth just 2.6 billion euros in the third quarter, falling short of the 5.39 billion euro average estimate of analysts polled by the agency. ASML did not provide a detailed explanation for why its orders fell short of expectations, other than delays in plant construction.

⏺The results caused ASML shares to fall 16% in Amsterdam, their biggest drop since June 12, 1998. It also triggered a broad decline in chip #stocks , with #Nvidia Corp. fell 6.8%, and the benchmark Philadelphia Semiconductor Index fell 4.8%. The weak results were amplified by the company mistakenly releasing its financial results a day ahead of schedule. #ASML published the release, which was expected on Wednesday, prematurely “due to a technical error,” it said in a separate statement.

⏺Shares in Europe's most valuable technology company have fallen by a third since hitting a record high in July, hit by the prospect of more U.S. restrictions on its #China business as well as broader weakness in the semiconductor sector.

📌#TrumpDeFi