The tech-heavy Nasdaq Composite dropped 0.8%, while the S&P 500 and Dow Jones each fell 0.3%, reflecting the market’s broader concerns about chip demand.
Strong Q3 Earnings Overshadowed
Despite the negative market reaction, ASML posted stronger-than-expected Q3 earnings. However, the focus remained on the weaker 2025 outlook. As a key supplier in the semiconductor sector, ASML’s cautious guidance raised concerns about a slower recovery, particularly in non-AI segments. “Certain market segments, such as memory chips, are experiencing more sluggish recoveries,” Fouquet noted.
Market Forecast: Bearish Sentiment on Chips
In the short term, semiconductor stocks may face continued pressure as investors…
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