Chip stocks fall on ASML forecast cut, potential US AI chip export cap
AI chip giant Nvidia fell 4.4%, retreating from a record high hit in the previous session that had put it on the brink of dethroning Apple as the world's most valuable company. Tuesday's drop was set to reduce the AI chip major's market capitalization by about $138 billion to $3.
Chip stocks fall as ASML's weak outlook raises concerns of non-AI chip demand
Semiconductor stocks in the United States and Asia fell after chip equipment maker ASML (ASML.AS) cut its annual sales forecast over weak non-AI chip demand. AI chip giant Nvidia (NVDA.O), which had briefly surpassed Apple as the world's most valuable company the previous day,
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ASML’s outlook sparked an overreaction from investors. It’s creating another buying opportunity for AI stocks.
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