ASML, a Dutch semiconductor equipment producer, recently saw a big decline in its stock price after it unintentionally disclosed its Q3 2024 financial figures ahead of schedule.https://www.thehindu.com/
sci-tech/technology/asml-draws-investor-scrutiny-after-warning-shocks-global-chip-markets ece. The early publication revealed weaker-than-expected bookings and a decreased sales forecast for 2025, resulting in a 16% decline in its stock value.https://www.thehindu.com/sci-tech/technology/asml-draws-investor-scrutiny-after-warning-shocks-global-chip-markets.
Despite this, ASML reported high third-quarter net sales of €7.5 billion and a net income of €2.1 billion. The business estimates total net revenues of roughly €28 billion in 2024. However, the outlook for 2025 has been adjusted to a range of €30 billion to €35 billion, reflecting a more gradual recovery in the markethttps://economictimes.indiatimes.com/tech/artificial-intelligence/asmls-lowered-outlook-suggests-factory-overcapacity-not-chip-doom.
