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Why did Arm Holdings stock plunge today?
An unimpressive report from ASML dragged down other AI stocks.
Tag: ASML
How did ASML stock move on Wednesday?
ASML Holding NV (NASDAQ: ASML), a key chip manufacturing company headquartered in the Netherlands, announced financial results for the first quarter of fiscal year 2024, with net sales of €5.29 billion, a decrease of 21.61 TP3T from the same period last year. In US dollar terms, sales of $5.75 billion fell short of the consensus figure of $6.13 billion. Net bookings in the first quarter were €3.61 billion, compared to €3.75 billion in the same period last year and below the €9.19 billion of net bookings in the fourth quarter. In the first quarter, EUV net bookings amounted to €656 million, compared to €5.19 billion in the fourth quarter.
Stock Market Today: S&P 500 Futures Rise, Earnings Concerned
Investors have put rate cut worries on the back burner in favor of focusing on earnings season.
Europe's Tech Stocks Tumble, ASML Hits Higher Sectors
(Bloomberg) -- Technology shares fell and the Big Pan Index stumbled as ASML Holding NV reported orders well below analysts' expectations. Most Read from BloombergDubai Stalled by Cloud Seeding Adding to FloodingIf the Fed's rate hike really triggered a U.S. economic boom?
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