Why ASML Holdings Fell 11.8% in July
Shares of key semiconductor equipment supplier ASML Holdings (NASDAQ: ASML) fell 11.8% in July, according to data from S&P Global Market Intelligence.
ASML makes extreme ultraviolet lithography (EUV) machines crucial to making cutting-edge semiconductors for artificial intelligence (AI) applications. So expectations were high heading into the month, with ASML up about 40% on the year heading into July.
So when ASML delivered solid but not extraordinary results, investors felt perhaps a bit let down. Around the same time as its earnings report, July 17, geopolitical concerns also came to the fore.
Source Fool.com
