ASML Struggles In Wednesday Pre-Market As Nvidia, AMD And Other Peers Begin Recovery From Chipmaker's Downward Pull
Portfolio Pulse from Pooja Rajkumari
ASML Holding N.V. faced a significant decline due to an early earnings report release, impacting the semiconductor sector. However, peers like Nvidia, AMD, Broadcom, and Taiwan Semiconductor showed signs of recovery. ASML's CEO and CFO provided insights on future revenue expectations and market conditions.
October 16, 2024 | 10:10 am
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POSITIVE IMPACT
AMD experienced a 0.39% increase in pre-market trading following a 5.22% decline, showing signs of recovery from the semiconductor sector's downturn.
AMD's slight increase in pre-market trading indicates a recovery from the broader sector impact caused by ASML's earnings report.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Broadcom saw a 0.40% increase in pre-market trading after a 3.47% decline, indicating a recovery from the sector-wide impact of ASML's earnings report.
Broadcom's pre-market increase suggests a recovery from the initial negative impact of ASML's earnings report on the semiconductor sector.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Nvidia saw a 0.70% increase in pre-market trading after a 4.69% decline, indicating a recovery from the sector-wide impact caused by ASML's earnings report.
Nvidia's recovery in pre-market trading suggests resilience and a potential rebound from the initial negative impact of ASML's earnings report.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Taiwan Semiconductor saw a 0.89% increase in pre-market trading after a 2.63% decline, showing signs of recovery from the semiconductor sector's downturn.
Taiwan Semiconductor's pre-market increase indicates a recovery from the broader sector impact caused by ASML's earnings report.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
ASML's early release of its Q3 earnings report led to a 16.26% drop, with a further 3.9% decline in pre-market trading. The report revealed a reduced sales forecast for 2025, impacting the semiconductor sector.
The early release of ASML's earnings report and the reduced sales forecast for 2025 directly caused a significant drop in its stock price, affecting the broader semiconductor sector.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100