Red day on Wall Street. The main American indices recorded declines weighed down by the weakness of the technology sector, which felt the repercussions of the stock market earthquake which shook Europe, with ASML as its epicenter. The Dutch company unwittingly published its latest results a day earlier, which showed lower sales than expected. This resulted in a 16% decrease in ASML.triggering investor flight from chipmakers, as industry concerns over tightened U.S. restrictions on semiconductor exports have spilled over into the market. As a result, Nvidia lost almost 5%, abandoning the record levels with which it crowned yesterday’s session.
The Dutch company, a leader in the production of lithography machines needed for chip manufacturing, presented results – unintentionally – that made investors shudder. According to the accounts, The company expects a turnover of between 30,000 and 35,000 million eurosa range that is at the lower end of the previously reported range of estimates. Furthermore, reserves for the last quarter reached a value of 2.6 billion euros, a figure well below the 5.6 billion expected by analysts.
Furthermore, CEO Christopehe Fouquet noted that although AI’s potential is growing vigorously, other market segments are taking longer to recover. According to Fouquet, This recovery will be more gradual than expected. This spooked investors on both sides of the Atlantic, causing European and North American technology sectors to plummet. In fact, the Nasdaq 100 is the American index that lost the most on the day.
The technology indicator lost 1.37% to 20,159 units, penalized by the decline of chip firms, ASML (-16.26%) in the lead. They are followed by KLA (-14.70%), Applied Materials (-10.69%), ARM (-6.89%), AMD (-5.22%) and Nvidia (-4.69%). The collapse of the semiconductor sectorThis is also due to reports indicating Washington’s desire to restrict chip exports to other countries.
For its part, Nvidia, which reached its all-time closing high yesterday at $138, is now down 4.52%, at $131.84 per share. Rumors that the United States may impose restrictions on chip sales in Persian Gulf countries and the collapse of 16% of ASML after accidentally presenting its accounts a day earlier than expected, confirming suspicions according to which its sales would be weaker than expected, cost the American chip sector dearly. dearly. AMD lost another 5.22%, while Broadcom lost 3.47%, in a session in which Intel (-3.23%) and Qualcomm (-2.22%) also lost positions.
