Pain or Gain Ahead of Semiconductor ETFs?
ASMLASML Holding(ASML) Zacks Investment Research·2024-04-19 02:01

Chip stocks took a hit on Apr 17, 2024 following ASML Holding's (ASML) – a world leader in the manufacture of advanced technology systems for the semiconductor industry – announcement of a steep decline in bookings during the first quarter, catching investors off guard.Shares of ASML – as the primary supplier of equipment for advanced chip manufacturing – slumped 7.1% in the key trading session on Apr 17, 2024. The news acted as a cornerstone for the entire semiconductor industry. Leading chip companies – A ...