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Why ASML Stock Lost 17% in October
ASMLASML Holding(ASML) The Motley Fool·2024-11-05 09:49

ASML disappointed investors with its third-quarter earnings report.While most AI stocks gained in October, ASML (ASML -0.53%) got tripped up following a disappointing third-quarter earnings report and a weak guidance update for 2025.The news threw cold water on a stock that many have expected to be a winner in the AI boom as orders in the quarter were weak, and demand from China has been underwhelming. According to S&P Global Market Intelligence, the stock finished the month down 17%. ASML runs into headwin ...