ASML Holding Stock Continues To Slide, Other Chipmakers Bounce Back: 'We Are Still Quite Optimistic About AI'
Portfolio Pulse from Adam Eckert
ASML Holding's stock continues to decline after the company cut its full-year sales outlook due to weak demand for chips outside of AI. Despite beating Q3 sales estimates, ASML lowered its sales guidance, impacting its stock negatively. Other chipmakers like NVIDIA, AMD, Intel, and Micron experienced mixed reactions, with NVIDIA and Micron rebounding slightly.
October 16, 2024 | 4:53 pm
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NEGATIVE IMPACT
ASML Holding's stock continues to decline after the company cut its full-year sales outlook due to weak demand for chips outside of AI. Despite beating Q3 sales estimates, ASML lowered its sales guidance, impacting its stock negatively.
ASML's stock is negatively impacted due to the company's reduced sales outlook, despite beating Q3 sales estimates. The lowered guidance indicates weaker demand in non-AI segments, leading to a decline in stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
AMD's stock faced selling pressure but traded narrowly higher on Wednesday. The stock was influenced by ASML's outlook and broader semiconductor market concerns.
AMD's stock was under pressure due to ASML's outlook and broader market concerns but managed to trade slightly higher, showing resilience.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 40
NEUTRAL IMPACT
Intel's stock was down about 1% amid ASML's outlook and semiconductor market challenges. The stock is affected by broader industry trends.
Intel's stock decline is linked to ASML's outlook and broader semiconductor market challenges, reflecting industry-wide concerns.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 40
NEUTRAL IMPACT
NVIDIA's stock fell over 4% on Tuesday but rebounded more than 2% on Wednesday. The stock was affected by ASML's outlook and potential U.S. restrictions on AI chip sales.
NVIDIA's stock was initially affected by ASML's outlook and potential U.S. restrictions on AI chip sales, but it rebounded slightly, indicating mixed investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Micron's stock was up about 4% on Wednesday, recovering from earlier selling pressure. The stock was influenced by ASML's outlook and broader market dynamics.
Micron's stock rebounded, showing a positive response despite ASML's outlook and broader market dynamics, indicating investor optimism.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 40