ASML Stock Dropped After Announcing Earnings. Here's Why That's a Good Thing.
ASML (NASDAQ: ASML) dealt with a slew of bad news when it announced its financial results for the second quarter of 2024. The maker of semiconductor manufacturing equipment faces declining revenue even as customers demand more of the world's advanced chips.
That's because restrictions on equipment sales to China reduce its revenue potential. Additionally, rhetoric from presidential candidate Donald Trump suggesting Taiwan may have to pay the U.S. for its defense stoked concerns about the chip manufacturing supply chain.
However, a lower stock price could actually benefit long-term investors despite these challenges. Here's why.
Source Fool.com