ASML Stock Plunges on Guidance. Is It Time to Buy the Dip?
ASML Holding(ASML) The Motley Fool·2024-10-18 18:30
Why China is not the only issue the company is facing.Shares of ASML Holding (ASML 2.50%) plunged after the maker of semiconductor equipment lowered guidance and said that recovery in some chip markets would extend into 2025. The drop pushed the stock into negative territory on the year.The stock came under pressure earlier this year after the U.S. government announced it was looking to implement more strict trade restrictions on companies that sell advanced technology to China, which extended beyond U.S. c ...