ASML managed to wipe $50 billion off its market capitalization a few days back when it revealed that it managed to book only around half of the orders that analysts expected for its just-concluded quarter, sowing market-wide chaos in the process as the investors immediately started doubting the strength of the ongoing AI-related tailwind. Of course, the company’s earnings call helped to stabilize the macro sentiment when it emerged that ASML’s abnormal order pipeline weakness was largely due to idiosyncratic factors affecting Intel and Samsung, with the company’s forward guidance curtailed by China’s return to normalcy after it rushed to […]
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